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History for Optimization (history as of 09/30/2014 15:51:21)

The term optimization, when used in the supply chain, is a method for improving the efficiency of individual functions and the entire process of demand/fulfillment cycle. For example, is the company going to optimize the safety stock levels or the layout of the distribution center? The mathematical notion of optimization is the supply chain software applications which optimize the process or decision from supply chain network design. 

  

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