{"id":387,"date":"2019-05-24T16:14:50","date_gmt":"2019-05-24T16:14:50","guid":{"rendered":"https:\/\/www.optware.com\/?p=387"},"modified":"2022-11-22T20:51:39","modified_gmt":"2022-11-22T20:51:39","slug":"changing-markets","status":"publish","type":"post","link":"http:\/\/www.optware.com\/changing-markets\/","title":{"rendered":"Changing Markets"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"387\" class=\"elementor elementor-387\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bf4dbd7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bf4dbd7\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a3d0fe7\" data-id=\"a3d0fe7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2605e27 elementor-widget elementor-widget-text-editor\" data-id=\"2605e27\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>As plywood prices court multiyear lows, mills have renewed efforts to find the most profitable mix of products. \u00a0Managers often rely on linear programming or optimization software to determine that mix, but gut instinct is still important for staying profitable.<\/p><p>Optimization software helps managers maximize returns by examining more than just the fixed and variable costs of production. \u00a0Advanced LP models sometimes incorporate market data gleaned from in-house sales, while others use price information from a third-party information service. Some software uses price data from multiple sources.<\/p><p>Even small plywood mills can have thousands of variables to consider. \u00a0Large, multi-mill operations with broad product lines may track more than 10,000 variables. \u00a0\u201cYou reach a point where smart guys using spreadsheets just isn\u2019t enough\u201d one software provider said. \u201cIt\u2019s beyond human ability to juggle this many variables.\u201d<\/p><p>Good communication between the sales and production departments can be the best way to avoid the pitfalls of following a computer-driven sales plan too closely. \u00a0\u201cWe\u2019re in constant communication with the mill, because a lot of times the mill can shift production to meet our needs better if we just let them know,\u201d one sales manager said. \u00a0\u201cOn the other hand, the best product mix is not always obvious, and that\u2019s where the optimization software is important.\u201d<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>As plywood prices court multiyear lows, mills have renewed efforts to find the most profitable mix of products. &nbsp;Managers often rely on linear programming or optimization software to determine that mix, but gut instinct is still important for staying profitable. Optimization software helps managers maximize returns by examining more than just the fixed and variable [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":391,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[9],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Changing Markets - Optware<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.optware.com\/changing-markets\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Changing Markets - Optware\" \/>\n<meta property=\"og:description\" content=\"As plywood prices court multiyear lows, mills have renewed efforts to find the most profitable mix of products. &nbsp;Managers often rely on linear programming or optimization software to determine that mix, but gut instinct is still important for staying profitable. 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