Optimization Solution for Banknotes Distribution Planning
Banknotes delivery in Europe
Within the Eurozone, banknotes are produced in specific locations and then distributed for use across all countries. Every year it is necessary to coordinates with all national central banks to create a plan for banknotes delivery, according to each country's inventory, production and demand. The plan can be then adjusted throughout the year to the actual demand. Developing the plan used to be a lengthy process that could take up to 15 hours, limiting the possibility to perform scenario analysis and compromising workflow. DecisionBrain, in partnership with IBM, was tasked to develop a solution that could define the optimal delivery plan that met demand while respecting production capacities, leveraging available transports.
A solution built to minimize cost while satisfying demand
The solution developed by DecisionBrain and IBM allows to:
- Minimize the logistic costs while maximizing demand coverage and preserving the European Safety Stock of banknotes
- Select the correct mix of banknotes (used or new)
- Minimize banknotes movements
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