Walmart won this year’s Edelman Prize. Their project was about transforming their supply chain (which was already good) with network design, simulation, and load planning. Their overall solution was impressive. I missed it live but just watched the
Looks like Walmart is taking Network Design to a new level leveraging several OR techniques. Right in the alley of a project I'm currently working in which we're looking on how to bridge the long term recommendation (10 yr) vs the year by year plan.
Question: For the simulation engine that Walmart uses to marry long term and execution, is that more like a "scenario management" application but still network optimization running in the background? or is there any discrete simulation (with stochastic variables included) utilized?
Great stuff!!, I really enjoyed and shared within my team!
Thanks for sharing Mike! I'd missed this. Great to see the theory being really used, connecting strategy to tactics to ops, etc. and building it into a process - so much cross-applicability even at a much watered down scale. Plus as you mention, to get the CEO of such a company to endorse the OR efforts is amazing! Just a shame they built it in-house, I know a tool that could do most of it ;-)
Thanks for sharing Mike:
Looks like Walmart is taking Network Design to a new level leveraging several OR techniques. Right in the alley of a project I'm currently working in which we're looking on how to bridge the long term recommendation (10 yr) vs the year by year plan.
Question: For the simulation engine that Walmart uses to marry long term and execution, is that more like a "scenario management" application but still network optimization running in the background? or is there any discrete simulation (with stochastic variables included) utilized?
Great stuff!!, I really enjoyed and shared within my team!
Thanks for sharing Mike! I'd missed this. Great to see the theory being really used, connecting strategy to tactics to ops, etc. and building it into a process - so much cross-applicability even at a much watered down scale. Plus as you mention, to get the CEO of such a company to endorse the OR efforts is amazing! Just a shame they built it in-house, I know a tool that could do most of it ;-)