Share with your friends










Submit

Analytics Magazine

AIMMS recognized by Gartner in areas of prescriptive analytics, network design

AIMMS, a leading vendor of prescriptive analytics software, is pleased to announce that it has been named in Gartner’s report, “Hype Cycle for Chief Supply Chain Officers, 2016.” The company is listed in the report as a sample vendor in the areas of prescriptive analytics and network design.

With events like the Brexit, supply chain leaders are facing a wave of volatility and rising complexity. Supply chain networks are under strain and facing ever more risks. At the same time, companies are experiencing data fatigue and cannot keep up with the pace of change using traditional tools. In order to thrive in this fast-paced business environment and, “to build a successful bimodal supply chain, chief supply chain officers must balance operational excellence with disruptive innovation,” according to Gartner. The report provides an overview of the critical technologies, business frameworks and competencies supply chain leaders need to achieve this. AIMMS can be leveraged to build several of these competencies, including prescriptive analytics capabilities and network design, as mentioned in the report. It also provides decision support for planning, manufacturing, S&OP/IBP, pricing and much more.

Gartner defines prescriptive analytics as “a set of analytical capabilities that finds a course of action to meet a predefined objective, such as maximizing revenue or minimizing costs.” The output of prescriptive analytics is a recommended action. Prescriptive analytics can improve decision-making in several areas of the supply chain, including logistics, planning and manufacturing. Most importantly, as Gartner states, “prescriptive analytics can be deployed to improve the end-to-end supply chain performance because it can recommend a course of action that best manages the trade-offs among conflicting functional goals.” It is a high benefit technology that AIMMS customers such as Nike, BP and Shell are already leveraging for fact-based, real time decision making in critical supply chain planning processes.

Gartner describes network design as “the optimization of the location, function and ownership of supply and distribution networks in support of overarching company strategy and customer requirements.” A successful network design can result in a lower cost to serve, the ability to respond quickly to fluctuations in demand and increased supply chain resilience. Although companies have traditionally considered network design a one-off project, industry leaders are creating detailed models using technologies like AIMMS to re-evaluate their network and improve production and distribution on an ongoing basis. AIMMS customers such as Thailand’s leading oil and gas company, PTT, are using the AIMMS Prescriptive Analytics platform for strategic network design.

Related Posts

  • 68
    AIMMS recently earned an FD Gazelle Award, given annually to the fastest growing companies in the Netherlands.
    Tags: aimms, company, prescriptive, analytics
  • 62
    As the Big Data Analytics space continues to evolve, one of the breakthrough technologies that businesses will be talking about in the coming years is prescriptive analytics. The promise of prescriptive analytics is certainly alluring: it enables decision-makers to not only look into the future of their mission critical processes…
    Tags: analytics, prescriptive
  • 61
    As the role of chief data officer (CDO) continues to gain traction within organizations, a recent survey by Gartner, Inc. found that these data and analytics leaders are proving to be a linchpin of digital business transformation.
    Tags: gartner, analytics, chief, officers
  • 60
    The information explosion has led organizations to leverage data to improve the overall decision-making process. Organizations are looking to deploy data-driven strategies across their business processes and functions, such as marketing, risk, supply chain and finance. It’s critical now more than ever to have the right people, processes, methodologies, platforms…
    Tags: analytics, prescriptive
  • 58
    AIMMS, a vendor of prescriptive analytics software, and Wipro Limited, a global information technology and consulting company, have joined forces in a strategic global partnership to help companies realize the benefits of advanced analytics with AIMMS-based applications.
    Tags: analytics, aimms, supply, company, prescriptive, chain, vendor


Headlines

Using machine learning and optimization to improve refugee integration

Andrew C. Trapp, a professor at the Foisie Business School at Worcester Polytechnic Institute (WPI), received a $320,000 National Science Foundation (NSF) grant to develop a computational tool to help humanitarian aid organizations significantly improve refugees’ chances of successfully resettling and integrating into a new country. Built upon ongoing work with an international team of computer scientists and economists, the tool integrates machine learning and optimization algorithms, along with complex computation of data, to match refugees to communities where they will find appropriate resources, including employment opportunities. Read more →

Gartner releases Healthcare Supply Chain Top 25 rankings

Gartner, Inc. has released its 10th annual Healthcare Supply Chain Top 25 ranking. The rankings recognize organizations across the healthcare value chain that demonstrate leadership in improving human life at sustainable costs. “Healthcare supply chains today face a multitude of challenges: increasing cost pressures and patient expectations, as well as the need to keep up with rapid technology advancement, to name just a few,” says Stephen Meyer, senior director at Gartner. Read more →

Meet CIMON, the first AI-powered astronaut assistant

CIMON, the world’s first artificial intelligence-enabled astronaut assistant, made its debut aboard the International Space Station. The ISS’s newest crew member, developed and built in Germany, was called into action on Nov. 15 with the command, “Wake up, CIMON!,” by German ESA astronaut Alexander Gerst, who has been living and working on the ISS since June 8. Read more →

UPCOMING ANALYTICS EVENTS

INFORMS-SPONSORED EVENTS

INFORMS Computing Society Conference
Jan. 6-8, 2019; Knoxville, Tenn.

INFORMS Conference on Business Analytics & Operations Research
April 14-16, 2019; Austin, Texas

INFORMS International Conference
June 9-12, 2019; Cancun, Mexico

INFORMS Marketing Science Conference
June 20-22; Rome, Italy

INFORMS Applied Probability Conference
July 2-4, 2019; Brisbane, Australia

INFORMS Healthcare Conference
July 27-29, 2019; Boston, Mass.

2019 INFORMS Annual Meeting
Oct. 20-23, 2019; Seattle, Wash.

Winter Simulation Conference
Dec. 8-11, 2019: National Harbor, Md.

OTHER EVENTS

Advancing the Analytics-Driven Organization
Jan. 28–31, 2019, 1 p.m.– 5 p.m. (live online)

CAP® EXAM SCHEDULE

CAP® Exam computer-based testing sites are available in 700 locations worldwide. Take the exam close to home and on your schedule:


 
For more information, go to 
https://www.certifiedanalytics.org.