Applications

Kickstart your Analytics Center of Excellence

Centers of Excellence (CoE) are often created in a certain areas in order to promote advanced practices throughout the company. In a recent talk sponsored by Analytics India Magazine Bringing the E in Analytics CoE, there is an excellent discussion of the requirements  for a successful Analytics CoE that covers a wide range of topics Read More »

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Swiss Army Knife for Supply Chain Analytics

The needs of today’s supply chain analytics practitioners extend beyond the basic capabilities of off-the-shelf packages. Changing business requirements and user requests drive the wish for fast flexible answers to questions that cannot be fully anticipated. The Opalytics Cloud platform (OCP) is designed not only to provide off-the-shelf solvers such as network design, multi-echelon inventory Read More »

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Deploying Price and Promotion Optimization

Our chairman David Simchi-Levi has been involved for a while in cutting edge research and application of price optimization.  As he notes “Identifying the optimal prices for products was once a time-consuming process. That’s changing as businesses start to take advantage of advances in machine learning, increases in computing speed, and greater availability of data.”  He Read More »

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Fast and Furious Analytics

There is tremendous pressure on analysts to provide answers to crucial business questions using advanced analytics, and then turn them into user friendly solutions. The expectation is that this will happen fast!  However, most of the analytics tools support individual analysis and are hard to turn into useful collaborative  applications. In order to provide dependable Read More »

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Fantasy Football Draft Optimizer 2017

Last year we introduced a Fantasy Football Optimizer powered by Opalytics and allowed anyone interested to test it out. We’re back for year two with the same offer, contact us here if you are interested. There have been a few relatively minor changes from the user’s point of view. Derek Nelson, the optimization expert and former Read More »

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Automating Supply Chain Analytics

Supply chain analytics span a wide range of applications from strategic network design to production planning, transportation routing, demand planning and many more. In addition, there is a growing need for innovative supply chain analytics capabilities beyond spreadsheets, business Intelligence, and enterprise system reports. One example is price and promotion optimization which links into demand Read More »

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Case Study: Forecast and Production Planning

Network optimization has traditionally been used to make decisions about where to locate plants and warehouses, how to best ship products and where to source. This has expanded into decisions around production planning at a high level. These include which plant should produce which product and when, given capacity and cost constraints. This type of Read More »

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Inventory Optimization Complements Lean

For many, there was a point in the past when the idea of “optimization” used to summon images of Greek letters juxtaposed in odd arrangements kept in black boxes that spewed out inscrutable results.  Optimization was sometimes considered a subject best left to impractical theorists, sequestered in small cubicles deep in the bowels of the building to Read More »

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Optimization to the Rescue

We recently attended and presented at the Informs Analytics conference.  While analytics includes many areas from machine learning, to dynamic programming and simulation, the main focus of the conference was optimization technology, provided by vendors who sell core solvers such as Gurobi, Lindo and CPLEX (IBM) as well as modeling languages such as AMPL and AIMMS. Read More »

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Analytics Done Right

The awareness that analytics is beneficial for business is widespread and not entirely new. In fact, analytics are recognized as a competitive advantage by Mike McNamara, Chief Information Officer, Target Corp., who was quoted in the WSJ: “That I have better supply-chain algorithms than [my competitors] really matters.” However, implementing new analytics technology is not Read More »

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