E2E Shelf-Life Simulation and Optimization
Challenges
Shelf life is a critical aspect for many companies, yet it is often overlooked – the impact of shelf life is not even recorded in standard corporate financial statements.
Mismanagement of shelf life can lead to high returns/waste and significantly impact a company’s profit margin. Today, tracking shelf life in the supply chain, understanding its impact on business performance, and optimizing it have become major challenges for many companies.
Sophus Solution
Simulate the end-to-end supply chain to track and understand the current product shelf-life performance.
Analyse the impact of shelf life on sales, cost, and inventory levels.
Conduct simulations to determine the effect of changing production batch size, inventory policies, and other factors on shelf life.
Recommend new policies, such as changes to production batch size, inventory allocation, and mode of transportation, that can improve overall shelf life while maintaining or reducing cost.
Benefits
Customer Order Fill Level Improvement
Inventory Reduction
Shelf-Life Improvement in Supply Chain
Establishing optimal supply chain operating procedures and guidelines.
More about the next generation of E2E shelf-life simulation and optimization?