Challenges in Adopting Optimization-based Solutions
in Supply Chain Industry
by Dr. LEE Wee Leong
| Speaker: |  |
Date: Time: Venue: |
08 September 2006 (Friday)
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| Dr. LEE Wee Leong Senior Manager, Research & Development Y3 Technologies |
We look forward to seeing you at this research seminar. |
Abstract
Supply chain management continue to play a key role in business, with demand for logistics services expected to increase while companies continuously trim operating margins to remain competitive. There is a consistent need for manufacturing and transportation activities to be synchronized. Goods need to be delivered to customers “just-in-time” and customers are demanding tighter delivery time windows and shorter “turn-around-time”. All this time critical demands drive logistics service providers to equip themselves with complex IT solutions to remain competitive. Preliminary studies have revealed that majority of the local logistics service providers are small to medium-sized companies and although they are quick in adopting logistics execution systems (transactional-based), majority have hesitation when it comes to acquiring optimization-based planning systems. Most of these companies perform their planning activities manually despite the fact that optimization-based planning solutions are readily available and at reasonable cost. In this talk, several case studies involving implementation of vehicle routing and load optimization planning systems will be discussed, highlighting the challenges that hinder the adoption of such solutions.
Biography
Dr. Lee Wee Leong received his BEng (Hon Class I) in Mechanical Engineering from University of Leeds (UK) and MEng from NTU. He received his PhD in 2002 from Imperial College (UK) on an overseas research scholarship from the former National Science & Technology Board (NSTB) currently known as A*STAR. Dr Lee currently heads the R&D department at Y3Technologies and is responsible for developing and implementing supply chain planning (optimization-based) and execution systems. At Y3, he is also personally involved in providing consultancy in supply chain network design. Before joining Y3, he was a research fellow with SIMTech and was engaged in R&D activities in the areas of demand forecasting, vehicle routing optimization, loading optimization and RFID application development and implementation. In his earlier career, Dr Lee has several years of working experience in the oil & gas and aerospace industry.