The client is a global energy major that needs to harmonize and leverage on the multiple IT divisions of the acquired companies. The client's requirement was an efficient translation of this process knowledge into proper process maps was a very critical challenge and business processes needed to comply with regulations...
The IBM Dynamic Inventory Optimization Solution is designed to help companies manage inventory to optimal levels, providing the potential to reduce carrying and logistical costs, increase service levels and improve asset utilization and inventory performance. Already, over 40 clients use this solution with significant results.
More and more companies are turning to data analysts and mathematical engineers to solve key business problems. Here’s a guide to the key players and the basic lexicon of their craft — operations research. Key Players Oracle: Oracle is one...
Mismatches between electronic part procurement lifecycles and the lifecycles of the products that they are used in cause products with long manufacturing and/or support lives to incur significant obsolescence management costs. Lifetime buy is one of the most prevalent mitigation approaches employed for electronic part obsolescence management. Making lifetime purchases...
As global competition in the automotive marketplace intensifies, automotive companies face increasing market performance challenges, and pressure toward building and maintaining brand effectiveness and profits. In the race to dominate market share and increase their competitive positions, OEMs and suppliers alike are looking outside the shop floor to optimize operating...
Evaluation performed at the Karolinska University Hospital to evaluate what impact the availability of Native TEQ ultrasound technology on the ACUSON Sequoia ultrasound system would have on ergonomic factors in a variety of ultrasound examination types. Keystroke logs were analyzed for exams done with and without NTEQ ultrasound technology to...
This work presents a novel approach for modeling of different types of contracts that a company may sign with its suppliers and customers. The main objective is to expand the scope of current planning and supply chain optimization models by including the selection of the types of contracts as an...
The key advance of optimization over traditional BPM Business Process Management technologies is the ability to address both the real time optimization of individual processes "In flight" as well as the ability to identify strategic changes to business processes to drive long term value and cost savings. This dual mission...
This paper explains crafting of supply chain processes that updates logistics and inventory management. It explains the case of the growing retail chain Michaels Stores Inc who called a logistics team to do this crafting. The new supply chain and inventory management plan was designed to streamline product flows to...
The widespread availability of affordable high-performance personal computers and commercial software has prompted the integration of structural analyses with numerical optimization, reducing the need for design iterations by human designers. Despite its acceptance as a design tool, however, structural optimization seems yet to gain mainstream popularity in industry. To remedy...
Many companies are discovering the possibilities for enhanced performance based on a movement toward a process-driven approach to business. However, many of those same companies struggle to identify a transition strategy that is appropriate for their organization, a strategy that can effectively yield tangible results in a relatively short amount...
Automotive industry is facing a tough period. Production overcapacity and high fixed costs constrain companies' profits and challenge the very same existence of some corporations. Strangulated by the reduced cash availability and petrified by the organizational and products' complexity, companies find themselves more and more inadequate to stay in synch...
This article presents two examples of simulation optimization using OptQuest to illustrate how to optimize simulation models to enhance business process management. The first case, this paper constructs a discrete event simulation model of a hospital emergency room to determine a configuration of resources that results in the shortest average...
This is the first in a two-part series about the challenges governments face in attempting to achieve measurable process improvements through ERP technology. Although ERP is routinely heralded as the golden egg of business process improvement, governments should be wary of the snares that can transform this golden egg into...
This paper explores the benefits and liabilities of using Radio Frequency IDentification RFID technology in supply chain management operations to support optimization as suggested by Byrnes. Through content analysis, a review of RFID technology benefits is centered on goals relative to the optimization of logistics activities, specifically related to inventory...
In this paper a Probabilistic O&M Cost Optimization model is presented, with which the operation and maintenance strategy of offshore wind farms can be improved. Basis for the application of this model is an extensive analysis of the fault detection and repair cycle offshore. A calculation model has been added.
When the authors started to design a Business Process Maturity Model, it became clear that the typical five-stage model so prevalent in the marketplace today simply wasn't up to the task. Their goal was to provide balance between a simple representation to which everyone could easily relate and a model...
This paper investigates the demand for change-loss reinsurance in insurer risk management. It is assumed that the insurer's objective is to maximize shareholder value under a solvency constraint imposed by a regulatory authority. In a one period model of a regulated market where the required solvency level is fixed, an...
In a very competitive world, pressures on retailers and their suppliers to lower costs continue unabated. No longer can they afford to have low-productivity, excess inventory available to handle unexpected demand. With these pressures, the supply chain is increasingly called on to service consumer demand on a just-in-time basis. Unfortunately,...
The healthcare organizations need to transform inherent business processes and underlying infrastructures in an effort to reduce errors and improve quality in an increasingly demanding delivery environment. In this pursuit, healthcare providers are not unlike their counterparts in other in industries. In helping healthcare providers fuse strategy, process and technology,...
