The following story is an example of how analytics are being used by one of the largest mail order companies in Europe
FICO Xpress Optimization Suite helps companies across industries solve “unsolvable” problems
MUNICH, April 29, 2013 /PRNewswire/ — FICO (NYSE:FICO), announced that it is seeing growing momentum across industries in Europe for the FICO® Xpress Optimization Suite, the premier mathematical optimization software for modelling and solving massively complex problems. New European clients for FICO Xpress include retailer myToys.de, energy company GDF Suez, and the IT subsidiary company of the Groupement des Mousquetaires STIME S.A.S., as well as leading European companies in mining, travel and other fields.
“Our business has grown so much that we need mathematical optimization to manage our two massive warehouses,” said Ralf Schmilewski, Head of ERP Systems at myToys.de, a member of the German OTTO group, which sells toys and one-stop shopping for families online. “Optimization will give us greater efficiency in processes such as picking and packing orders. We chose FICO Xpress Optimization Suite because it gives us fast answers and the ability to quickly optimize additional business processes. In addition, FICO offered the most flexible licensing scheme. We look forward to partnering with them to fully explore the capabilities of their optimization offering.”
myToys.de is among the companies that have adopted the latest version of FICO Xpress Optimization Suite. This release includes the revolutionary new Xpress-Insight component, which adds rapid application deployment and unique support for cloud-based optimization. The capabilities in FICO Xpress Optimization Suite provide massive productivity gains for both operations research teams and business users, helping them solve problems previously thought “unsolvable.”
“FICO Xpress has always been a favourite for Operations Research professionals because of the solver speed and the Xpress-Mosel modelling tool, which provides a robust way of defining large-scale optimization models,” said Oliver Bastert, FICO product manager for optimization tools. “Our new versions have greater appeal to business users as well, since the highly visual user interface lets them do data exploration, what-if analysis, reporting, scenario management, and custom visualization. This is a game-changer that will push the power of optimization deeper into companies, helping them compete in a Big Data world.”
FICO Xpress was the first optimization software with 64-bit ultra-large-scale optimization for solving massive problems. With the latest version, businesses can use distributed, cloud-based optimization services to manage massively parallel computing problems with millions of alternatives. FICO Xpress Optimization Suite has new collaboration features that enable entire teams of business experts to interact with the same model and share what-if scenarios to reach agreement on the best approach. This is a key requirement to address the needs of large organizations.
Organizations with large-scale operations, from global banks to professional sports leagues, use the FICO® Xpress Optimization Suite to ensure that they are making the most efficient and profitable use of resources such as capital, human resources, and technology assets. FICO Xpress is also the optimization engine inside FICO solutions such as FICO® Decision Optimizer and FICO® Analytic Offer Manager.
Source: FICO Press Release