Building an Inventory Optimization System
October 1st, 2020
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Often companies develop or buy technology without calculating their Total Cost of Ownership (TCO), which is a big mistake. TCO doesn't only include cloud and development costs, but also the amount of time it will take your teams to learn the new system, and many other factors. These costs combined must be compared against a similar holistic calculation for the benefits, and only then can informed business decisions be made. In this post we go through an example of such calculations for a client of ours.
Digital transformations are composed of many small changes in a company's operations which combined produce a whole new way of working. They empower teams with tools and skills from Systems Thinking, Machine Learning, Operations Research, and other disciplines, so that they make smarter and faster decisions by leveraging Smart Automation with data-driven algorithms. To ensure success, these transformations require diversified portfolio strategies and this post we show how to build them.