: Solving location/allocation problems and optimizing vehicle routing to ensure products reach the right place at the minimum cost.
: Extrapolates historical patterns using methods like moving averages, exponential smoothing, and ARIMA models. Quantitative Methods in Supply Chain Management...
: Relates demand to external drivers like GDP, fuel prices, or interest rates. Quantitative Methods in Supply Chain Management...
Ensures supply chain decisions align with business profitability. Quantitative Methods in Supply Chain Management...
: Uses algorithms (e.g., linear programming, Branch-and-Bound) to find the most efficient use of resources. It is frequently applied to minimize total costs in network design and resource allocation.
: Using simulations like Monte Carlo analysis to quantify the impact of potential disruptions, such as supplier failures or price volatility.
Quantitative methods are applied across the entire value chain to enhance performance: