Raw Material Procurement Optimization
Focus
Procurement optimization
Tools
Excel, Gurobi, LINGO
Impact
+172% profit, −40% cycle time
Year
2024
Built a linear programming model to decide optimal order quantities from multiple suppliers while considering unit cost, MOQ, capacity, and lead-time constraints. Implemented the model in Excel Solver and then replicated it in Gurobi/LINGO for larger scenarios. The optimized sourcing plan increased procurement profitability by 172% and reduced total cycle time by 40% in the case study while still meeting all demand and service-level requirements.



