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Management decisions supported by data analytics and AI

August 20, 2019 / Dr, Yorck Dietrich and Melanie Lenhardt

Production networks, often referred to as Verbund,are multistage value chains that span one or more sites and feature combined production processes at individual stages and multiple outlets to the market, including for intermediate products. In such a network, decisions have to be made constantly in the short, medium, and long term.These decisions are tricky, primarily because value chains in large companies span multiple business units. And their interests may differ considerably. Prices might cover costs for one unit, but result in losses for another. Decisions in the interests of the company as a whole must therefore be based on a consolidated view of the entire chain.