Optimal Product Mix & Pricing
Optimal’s optimization-based, rule-driven process network with assembly and disassembly steps as well as resource allocation (labor, packaging, etc.) solve for maximum profit comprehensive enterprise problems, identifying profit improvement you never knew was there!
Achieving savings through all phases of the Product Mix & Pricing process
From manufacturing, to services, and retail, Optimal Decision Optimization Solutions optimize sales realization for maximum profit and determines prices for your sales items, through all phases of the product mix and pricing process, achieving measurable profit improvement, typically 5-10%, often much more, compared to flawed spreadsheets and other less capable programs. As well, order fulfillment rates are increased.
- Strategic decisions; Long range planning
- Procurement that complements sales and vice versa Continuous available-to-sell based on raw and finished product
- Inventory, orders, and manufacturing schedules is presented to the sales organization
- Production planning to meet demand and make the highest value and saleable inventory generated daily or as required
- Optimal Shipping is an option to Product Mix applications. Shipping optimizes for minimum cost transportation by truck or other vehicle from various supply locations to various demand destinations considering available dates, perishability, delivery dates, quantity ordered, vehicle capacities, container weights, time to ship, destination inventory limits, etc.
- Time periods
- Multiple vendors and costs
- Purchased items specifications
- Inventory levels
- Items (Ingredients)
- Lots (unique occurrences of items and attributes)
- Formulas Specifications (Items and Constraints)
- Resource costs (labor, packaging, overhead, etc.)
- Orders with multiple demands and prices per Item sold
- Suppliers (optional)
- Shipping from multiple sources to multiple destinations
- Locations (optional)
- Much more…
FEATURES
Optimal provides optimization decision support guidance to meet your product mix optimization requirements considering and complying with critical elements:
FEATURES
Optimal provides optimization decision support guidance to meet your product mix optimization requirements considering and complying with critical elements:
- Time periods
- Multiple vendors and costs
- Purchased items specifications
- Inventory levels
- Items (Ingredients)
- Lots (unique occurrences of items and attributes)
- Formulas Specifications (Items and Constraints)
- Resource costs (labor, packaging, overhead, etc.)
- Orders with multiple demands and prices per Item sold
- Suppliers (optional)
- Shipping from multiple sources to multiple destinations
- Locations (optional)
- Much more…
models
Individual Models Include the following:
Product Mix
Product Mix optimizes in a single computation the integrated sales, procurement and production problem for maximum profit product mix considering many user-definable variables and constraints.
Optimal Solutions are cloud based thus facilitating rapid deployment and support, eliminating most IT support costs, and enabling regular, non-disruptive updates.
The Optimal interface includes powerful data import/export features to accelerate database construction. The Optimal API provides automated data exchange and optimization for tight connectivity with ERP systems.
HOSTING
HOSTING
applications
Optimal Product Mix
Optimal Product Mix applications enable users to determine what mix of products to sell to maximize profit; the application is particularly usage when limited or specific raw materials and/or capacities exist. Optimal Product Mix & Pricing optimizes the mix of products to manufacture considering manufacturing costs and limits and market demands and prices.
Optimal Pricing
Optimal Pricing enables users to determine the optimized quantity of products to make or purchase to meet market demands considering different prices for different product with various demands at the different prices. Included in the model is the ability to consider in the product mix sets of products and various discounts.
Optimal Yield Optimization, Optimal Sales Realization
Optimal Yield Optimization and Optimal Sales Realization enables users in businesses where a raw material is converted in processing into many products using processing steps that includes disassembly and aggregation in a flow from raw material to finished product SKUs. Optimal Sales Realization enables users to determine the optimized product mix that meets orders and make the maximum value to inventory (considering permissible inventory levels).
Configurations
Optimal Product Mix Optimization configurations are available with features and pricing appropriate for any size of entity.
The configurations are:
SIMPLE
The Optimal Product Mix Optimization Solution, Simple Configuration, enables users to generate optimized solutions to small problems in various industries with a few variables and constraints using a small model with very limited options. The Simple Configuration enables users learning about optimization to learn about the benefits of optimization in an educational size problem. Real world problems are larger and more complex.
BASIC
The Optimal Product Mix Optimization Solution, Basic Configuration, enables users in certain industries to generate optimized solutions to small problems with a few variables and constraints using a small model with limited options. The Simple Configuration enables users to generate optimized product mix and pricing scenarios with relatively static Item costs and attribute values as well as simple product specifications.
STANDARD
The Optimal Product Mix Optimization Solution, Standard Configuration, enables users to generate optimized solutions to product mix and pricing problems with more variables and constraints than the Basic Configuration.
CORPORATE
The Optimal Product Mix Optimization Solution, Corporate Configuration, is intended for medium and large single site operations. The Corporate Configuration enables users to generate optimized product mix and pricing plans through all phases of the planning process. The Corporate Configuration provides users with comprehensive decision support for the integrated what to buy, what to sell, and how to price problem. The Optimal API is included with the Corporate Configuration.
ENTERPRISE
The Optimal Product Mix Optimization Solution, Enterprise Configuration, is intended for medium and large multi site operations. Besides the features of the Corporate, the Enterprise Configuration enables users to generate optimized plans considering multiple manufacturing and storage locations.
