Optilogic has introduced Inventory Strategy Design, which combines simulation and optimization to predict service levels and prevent failures. It is available in Cosmic Frog, an SaaS-native supply chain design platform that leverages the power of the cloud to run numerous simulation scenarios to identify the best-fit inventory solution.
Optilogic Inventory Strategy Design helps to eliminate the abstractions and assumptions of optimization, using specific, relevant real-world controls such as customer orders, processing shipment times, replenishment frequencies, minimum order quantities, reorder points, and expediting costs to find the best inventory configuration.
It frees the user from predefined cost and service definitions. The user can define goals relevant to their own inventory strategy and evaluate trade-offs.
The solution shows inventory performance over time to help prevent potential stock-outs. It can run hundreds of simulation scenarios in parallel and uses AI to continually predict better inventory solutions.