Optimal Assignment & Selection

Optimal’s optimization-based assignment and selection solutions provide decision optimization for specialty problems!

Achieving savings through all phases of the Assignment & Selection process

Optimal’s Assignment & Selection Solutions provide decision optimization for specialty problems. This evolving category of Optimal applications addresses many decision points, in business and government enabling savings, typically 5-10%, often much more. In consumer applications the objective is often increased fulfillment.

  • Portfolio – select the maximum profit set of choices from many options based on user-definable criteria.
  • Project Selection – select the most profitable set of projects from multiple options based on project value and resource constraints.
  • Stock Cutting – select the highest yield cutting pattern.
  • 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)
  • Input (Formula or Product)
  • Sets (optional)
  • Suppliers (optional)
  • Locations (optional)
  • Much more…
  • 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)
  • Locations (optional)
  • Much more…

Optimal Planning Solutions, consider the following data:

  • Raw material acquisition
  • Raw material inventory
  • Finished product production
  • Intermediate product production
  • Finished goods inventory
  • Shipments directly from plants to markets
  • Shipments to distribution centers
  • Shipments from distribution centers to markets
  • Market demands with prices for each product

Optimal Scheduling Solutions, consider the following data:

  • Manufacturing or production requirements by product
  • Manufacturing process steps
  • Manufacturing resources (departments, equipment, etc.)
  • Product changeover and cleanup rules

FEATURES

Optimal provides optimization decision support guidance to meet your inventory and/or manufacturing requirements considering and complying with critical elements:

Optimal provides optimization decision support guidance to meet your product mix optimization requirements considering and complying with critical elements:

Optimal provides optimization decision support guidance to meet your planning/or scheduling requirements considering and complying with critical elements.

FEATURES

Optimal provides optimization decision support guidance to meet your inventory and/or manufacturing requirements considering and complying with critical elements:

Optimal provides optimization decision support guidance to meet your product mix optimization requirements considering and complying with critical elements:

Optimal provides optimization decision support guidance to meet your planning/or scheduling 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)
  • Input (Formula or Product)
  • Sets (optional)
  • Suppliers (optional)
  • Locations (optional)
  • Much more…
  • 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)
  • Locations (optional)
  • Much more…

Optimal Planning Solutions, consider the following data:

  • Raw material acquisition
    Raw material inventory
  • Finished product production
  • Intermediate product production
  • Finished goods inventory
  • Shipments directly from plants to markets
  • Shipments to distribution centers
  • Shipments from distribution centers to markets
  • Market demands with prices for each product

Optimal Scheduling Solutions, consider the following data:

  • Manufacturing or production requirements by product
  • Manufacturing process steps
  • Manufacturing resources (departments, equipment, etc.)
  • Product changeover and cleanup rules

models

Individual Models Include the following:

models

product development:

Optimizes a recipe or BOM for one product, either single or multi-level; for designing products (e.g., products containing sub-formulas).

single product:

Optimizes a single product recipe or BOM.

Sequential Single Product:

Optimizes a series of single product recipes or BOMs either considering or not considering inventory utilization by formulation; materials are allocated to batches based on assembly order as Sequential Single Product does not look ahead in optimizing the batch sequence.

Multi Product:

Optimizes multiple products for a single time period creating a composite recipe or BOM; the result is a composite recipe for the entire timeframe that will likely require adjustment for any specific point in time.

Individual Models Include the following:

Procurement Planning:

Optimizes multiple products through a series of discrete time periods (e.g., days, weeks, months) creating recipes or BOMs considering Item and Lot availability and expiration for use, beginning inventory, permissible ending inventory, multiple suppliers, multiple occurrences Item Lots with respective costs and other specifications through the planning period.

Production Planning:

Optimizes multiple products through a series of discrete time periods (e.g., days, weeks, months) creating recipes or BOMs considering Item and Lot availability and expiration for use, beginning inventory, permissible ending inventory, multiple occurrences Item Lots with respective costs and other specifications through the planning period.

Lot Allocation:

Optimizes multiple products through a sequence of discrete batches or steps creating recipes or BOMs considering Item and Lot availability and expiration for use, beginning inventory, permissible ending inventory, multiple occurrences Item Lots with respective costs and other specifications batch sequence.

Multi-Site:

Procurement Planning for multiple sites considering transportation costs between manufacturing sites and storage locations.

Yield Optimization:

Yield Optimization optimizes in a single computation the integrated sales, procurement and production problem for maximum profit product mix optimization considering many user-definable variables and constraints.

Optimizes a recipe or BOM for one product, either single or multi-level; for designing products (e.g., products containing sub-formulas).

Optimizes a single product recipe or BOM.

Optimizes a series of single product recipes or BOMs either considering or not considering inventory utilization by formulation; materials are allocated to batches based on assembly order as Sequential Single Product does not look ahead in optimizing the batch sequence.

Optimizes multiple products for a single time period creating a composite recipe or BOM; the result is a composite recipe for the entire timeframe that will likely require adjustment for any specific point in time.

Optimizes multiple products through a series of discrete time periods (e.g., days, weeks, months) creating recipes or BOMs considering Item and Lot availability and expiration for use, beginning inventory, permissible ending inventory, multiple suppliers, multiple occurrences Item Lots with respective costs and other specifications through the planning period.

Optimizes multiple products through a series of discrete time periods (e.g., days, weeks, months) creating recipes or BOMs considering Item and Lot availability and expiration for use, beginning inventory, permissible ending inventory, multiple occurrences Item Lots with respective costs and other specifications through the planning period.

Optimizes multiple products through a sequence of discrete batches or steps creating recipes or BOMs considering Item and Lot availability and expiration for use, beginning inventory, permissible ending inventory, multiple occurrences Item Lots with respective costs and other specifications batch sequence.

Procurement Planning for multiple sites considering transportation costs between manufacturing sites and storage locations.

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 Portfolio

Optimal Portfolio enables users to select the maximum profit set of choices from many options based on user-definable criteria.

With securities, Optimal Portfolio selects the highest profit set of securities that maximizes return considering user-defined investment criteria, such as acceptable risk, minimum and maximum levels of investment in various categories, and other criteria. Optimal Portfolio also identifies when to buy and sell stocks through a series of forthcoming periods based on forecast valuations.

Optimal Project Selection

Optimal Project Selection enables users to select the most profitable set of projects from multiple options based on project value and resource constraints.

Optimal Project Selection determines the selection of capital investment projects with various returns considering utilization of capital, human, and equipment resources to achieve the maximum financial return for the enterprise.

Optimal Stock Cutting

Optimal Stock Cutting select the highest yield cutting pattern.

OPTIMAL STOCK CUTTING applications enable users to determine how to deploy resources to meet specified requirements at the lowest cost.

An implementation of Optimal Stock Cutting is selection of the minimum cost set of cutting templates for steel bars to yield various lengths of finished steel product bar requirements considering trim loss.

Configurations

Optimal Inventory Management & Procurement configurations are available with features and pricing appropriate for any size of entity.

The configurations are:

Optimal Product Mix Optimization configurations are available with features and pricing appropriate for any size of entity.

The configurations are:

Optimal Planning & Scheduling configurations are available with features and pricing appropriate for any size of entity.

The configurations are:

SIMPLE

The Optimal Inventory Management & Procurement Solution, Simple Configuration, enables users to generate optimized solutions to small problems in various industries with a few variables and constraints using a Single Product 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.

Model Sites: Single Site
Model Time Periods: Single Period
Models & Associated Tables: Single Product
Matrix Size: 20x20
API Included: -
Monthly Max Solves: 100
Hosting:
Support: Website

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.

Model Sites: Single Site
Model Time Periods: Single Period
Models & Associated Tables: Yield Optimization
Matrix Size: 10x10
API Included: -
Monthly Max Solves: 100
Hosting:
Support: Website

SIMPLE

The Optimal Planning & Scheduling Solution, Simple Configuration, enables users to generate optimized planning and scheduling 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.

Model Sites: Single Site
Model Time Periods: Multiple Periods
Models & Associated Tables: Yield Optimization
Matrix Size: 10x10
API Included: -
Monthly Max Solves: 100
Hosting:
Support: Website

BASIC

The Optimal Inventory Management & Procurement Solution, Basic Configuration, enables users in certain industries to generate optimized solutions to small problems with a few variables and constraints using a Single Product model with limited options. The Simple Configuration enables users to generate optimized recipes and BOMs for products with relatively static Item costs and attribute values as well as simple product specifications.

Model Sites: Single Site
Model Time Periods: Single Period
Models & Associated Tables: Simple + Sequential Single Product
Matrix Size: 100x100
API Included: -
Monthly Max Solves: Unlimited
Hosting:
Support: Simple + Email

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.

Model Sites: Single Site
Model Time Periods: Single Period
Models & Associated Tables: Yield Optimization
Matrix Size: 100x100
API Included: -
Monthly Max Solves: Unlimited
Hosting:
Support: Simple + Email

BASIC

The Optimal Supply Chain Planning Solution, Basic Configuration, enables users in certain industries to generate optimized solutions to small planning and scheduling problems with a few variables and constraints using a small model with limited options. The Simple Configuration enables users to generate optimized supply chain and scheduling scenarios with relatively static Item costs and attribute values.

Model Sites: Single Site
Model Time Periods: Multiple Periods
Models & Associated Tables: Yield Optimization
Matrix Size: 100x100
API Included: -
Monthly Max Solves: Unlimited
Hosting:
Support: Simple + Email

STANDARD

The Optimal Inventory Management & Procurement Solution, Standard Configuration, enables users to generate optimized solutions to problems with more variables and constraints than the Basic Configuration. The Standard Configuration provides users with the Single Product model as well as Sequential Single Product and Multi-Product models.

Model Sites: Single Site
Model Time Periods: Single Period
Models & Associated Tables: Basic + Multi Product
Matrix Size: Large
API Included: -
Monthly Max Solves: Unlimited
Hosting:
Support: Basic + Chat

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.

Model Sites: Single Site
Model Time Periods: Single Period
Models & Associated Tables: Yield Optimization
Matrix Size: Large
API Included: -
Monthly Max Solves: Unlimited
Hosting:
Support: Basic + Chat

STANDARD

The Optimal Product Mix & Pricing Solution, Standard Configuration, enables users to generate optimized solutions to product mix and pricing problems with more variables and constraints than the Basic Configuration.

Model Sites: Single Site
Model Time Periods: Single Period
Models & Associated Tables: Yield Optimization
Matrix Size: Large
API Included: -
Monthly Max Solves: Unlimited
Hosting:
Support: Basic + Chat

CORPORATE

The Optimal Inventory Management & Procurement Solution, Corporate Configuration, is intended for medium and large single site operations. The Corporate Configuration enables users to generate optimized recipes and BOMs through all phases of the materials planning, sequencing, and assembly process. The Corporate Configuration provides users with the Procurement Planning, Production Planning and Lot Allocation models, as well as those models in the Standard Configuration. The Optimal API is included with the Corporate Configuration.

Model Sites: Single Site + Support Sites
Model Time Periods: Multiple Periods
Models & Associated Tables: Standard + Production Planning, Procurement Planning, Lot Allocation
Matrix Size: Large
API Included:
Monthly Max Solves: Unlimited
Hosting:
Support: Standard + Phone

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.

Model Sites: Single Site + Support Sites
Model Time Periods: Multiple Periods
Models & Associated Tables: Yield Optimization
Matrix Size: Large
API Included:
Monthly Max Solves: Unlimited
Hosting:
Support: Standard + Phone

CORPORATE PLANNING ONLY

The Optimal Supply Chain Planning Solution, Corporate Configuration, is intended for medium and large single site operations. The Corporate Configuration enables users to generate optimized supply chain planning 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, how to price problem, how to make, and how to distribute planning process. The Optimal API is included with the Corporate Configuration.

Model Sites: Multiple Sites
Model Time Periods: Multiple Periods
Models & Associated Tables: Yield Optimization
Matrix Size: Large
API Included: -
Monthly Max Solves: Unlimited
Hosting:
Support: Basic + Chat

CORPORATE SCHEDULING ONLY

The Optimal Scheduling Solution, Corporate Configuration, is intended for medium and large single site operations. The Corporate Configuration enables users to generate optimized scheduling plans. The Corporate Configuration provides users with comprehensive decision support for the sequencing resource activities through the scheduling time period. The Optimal API is included with the Corporate Configuration.

Model Sites: Multiple Sites
Model Time Periods: Multiple Periods
Models & Associated Tables: Yield Optimization
Matrix Size: Large
API Included:
Monthly Max Solves: Unlimited
Hosting:
Support: Standard + Phone

ENTERPRISE

The Optimal Inventory Management & Procurement 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 recipes, BOMs, procurement and inventory management plans considering multiple manufacturing and storage sites. The Enterprise Configuration provides users with the Multi-site models.

Model Sites: Multiple Sites + Support Sites
Model Time Periods: Multiple Periods
Models & Associated Tables: Corporate + Multi Site, Procurement
Matrix Size: Large
API Included:
Monthly Max Solves: Unlimited
Hosting:
Support: Corporate + Webinars

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.

Model Sites: Multiple Sites + Support Sites
Model Time Periods: Multiple Periods
Models & Associated Tables: Yield Optimization
Matrix Size: Large
API Included:
Monthly Max Solves: Unlimited
Hosting:
Support: Corporate + Webinars

ENTERPRISE

The Optimal Planning & Scheduling Solution, Enterprise Configuration, is intended for medium and large multi site operations and includes both Optimal Supply Chain Planning and Optimal Production Scheduling. The Optimal API is included with the Enterprise Configuration.

Model Sites: Multiple Sites + Support Sites
Model Time Periods: Multiple Periods
Models & Associated Tables: Yield Optimization
Matrix Size: Large
API Included:
Monthly Max Solves: Unlimited
Hosting:
Support: Corporate + Webinars

Measurable savings, typically 5-10%, often much more

What will your savings be?

A Savings Analysis proves payback.

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