Global Retail Dynamics (GRD), a multinational retail chain, is grappling with supply chain inefficiencies. The company faces challenges in managing its extensive supply chain network, including multiple suppliers, warehouses, and distribution channels. Issues such as excess inventory, stockouts, and transportation bottlenecks are impacting overall supply chain performance and increasing costs.
GRD is exploring the application of operations research to optimize its supply chain and enhance overall efficiency.

Company: Global Retail Dynamics (GRD)
 

Learning Objectives

 

• How can Global Retail Dynamics leverage operations research methodologies, such as network optimization models, to optimize its supply chain network, including supplier selection, warehouse locations, and distribution routes?
• In the context of supply chain optimization, what role can prescriptive analytics play in recommending strategies to minimize transportation costs, reduce lead times, and enhance overall supply chain responsiveness?