Subject Area: Optimization Problems
Don’t believe the hype that all optimization software will solve all optimization problems.
It is easy to think that all optimization software solutions are the same – they are not.
Techniques vary.
Some companies keep their techniques secret. They don’t want to share the specifics of how they deal with common optimization problems.
Some companies are open about their techniques.
Some companies use patented approaches and so their solution is unique to them.
When investigating optimization software be sure to ask the vendor why their technique specifically suits your situation – and if they are happy to explain how it works.
This is explained in this short video, an edited extract from a live webinar titled: Selecting the Right Spare Parts Inventory Optimization Software for Your Company
Run time: 1:26
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For information on spare parts inventory characteristics and our spare parts management online training please visit our Pro Level page.
Posted by: Phillip Slater