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Inventory, Logistics & Supply Chain
ACE got the entire standards-based enabling technologies and solutions! Inventory and location problems were one of the initial areas of ACE application of quantitative methods and techniques. So far it is still one of the most popular areas of ACE modeling and consulting. Many logistics and supply chain analysis require the use of a large combination of advanced models, such as inventory models, allocation models and queuing models. In many cases, complete control involves answer the following questions: 1. How much of each product should be made? That is, what production lot sizes should be planned? We refer to this as the production planning problem, for which various production-inventory and economic lot-size models are available. 2. To what facilities should the required production be allocated and/or from what materials should the products be made? This is the allocation problem, for which our allocation or programming models are available. 3. In what sequence and when should the production lots be started? This is the scheduling problem, for which queuing or waiting-line models are available. It is not surprising that supply analysis in ACE consulting has held such a position of prominence in all forms of quantitative business methods, since inventory often represents as mush as 40% of the total invested capital of our industrial organizations. In addition to being a major portion of the total current assets of many businesses, inventory represents an important decision variable at all stages of product manufacturing, distribution, and sales. Following are some of the examples that ACE systems and servers can be used to help deploy as services:
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