Explore then optimal purchasing scenarios based on vendor bid information
The key decision-making points in the purchasing decision process are to select an appropriate vendor who can secure a stable supply of items while minimizing purchasing costs, and to determine the purchase quantity for each selected vendor. SCMable’s purchasing optimization solution provides insight into the optimal purchasing strategy based on the bidding information (discount price, maximum possible supply quantity, etc.) presented by vendors.
Overview
Optimize every purchase scenario and analyze the results of multiple scenarios
By simply adjusting the parameters, multiple purchase scenarios can be created simultaneously. The purchase optimization algorithm rapidly identifies the optimal solution for each scenario, allowing the results to be reported in a short time. Consequently, decision-makers can analyze multiple scenario outcomes and make a decision they are satisfied with.
Consider trade-off cost elements & supply constraints when purchasing many items
The optimization algorithm in IBO can minimize total costs when purchasing multiple items, considering conflicting cost terms and supply constraints such as vendor capacity and available quantities for supply.
See the comparison of all the results at a glance
IBO summarizes multiple scenario outcomes using charts and tables. Additionally, the detailed results for each scenario can be accessed by downloading as a file. This solution helps decision makers easily compare results and make the best decisions.
Details
Solution type
Extensions and Add-ons
Industry
Industrial Manufacturing
Compatibility
Works with
Features
Multiple Scenario Comparative Analysis Report
IBO provides not only comparative analysis reports by integrating the results for each scenario, but also various visualization tools such as tables and charts so that users can help easily analyze the results.
What-If Simulation Support
IBO supports the function of easily and quickly setting parameters related to the restrictions when purchasing items, and creating and simulating multi-scenarios in semi-real time.
Excel File Based I/O Interface & Data Visualization Provided
I/O data sets can be uploaded and download as excel files. Also, these data sets are immediately visualized as uploaded or download using a variety of format such as charts or grid to help validate the values in the data.
