Saddle Point Technologies UK applies advanced analytical technology to help businesses make better supply chain planning decisions.
The Saddle Point concept has a variety of applications in mathematics and can be used to serve a number of practical operational purposes.
Saddle Point systems often arise when a certain quantity (such as inventory) has to be minimized subject to a set of constraints (such as cost and availability).
In statistics, the Saddle Point Approximation Method is used to provide highly accurate forecasts of the most likely outcomes from a range of probabilities.
The Method is very efficient in terms of computing power and is particularly good at handling infrequent events and coping with small sample sizes.
What this means is that Saddle Point optimisation techniques are clean, elegant solutions that are fast, accurate, flexible and low cost… just like Saddle Point Technologies’ supply chain planning software suite.