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Optimization is the most overused and misunderstood supply chain term. Ask these 6 questions to assess the level of sophistication of multi-echelon optimization algorithms. Don’t compromise.
In order to generate more accurate spare parts demand forecasts, you need data that clarifies how often your assets are being utilized, where they're located, and how many there are in the installed base.
Many service parts management solutions claim to have multi-echelon optimization, but what they typically have is some sort of multi-echelon planning capability. What's the difference between MEO and MEP?