Explore solutions by selecting your industry
- Real Estate
- Retail
- Semiconductors
- Technology, Media & Telecommunications
- Travel, Logistics & Infrastructure
Industries
❮
- Advanced Electronics
- Aerospace & Defense
- Agriculture
- Chemicals
- Consumer Packaged Goods
- Electronic Power & Natural Gas
- Engineering, Construction & Building Materials
- Financial Services
- Metals & Mining
- Oil & Gas
- Paper, Forest Products & Packaging
- Pharmaceuticals & Medical Products
- Private Equity & Principal Investor
- Public & Social Sector
- Real Estate
- Retail
- Semiconductoros
- Technology, Media & Telecommunications
- Travel, Logistics & Infrastructure
What it is
Optimix is a cloud-based system that supports a wide range of optimization challenges, with a track record in raw material mix optimization and pricing or sales volume allocation optimization
Its unique characteristics include
- Best-in-class modeling capabilities with proprietary architecture supporting flexibility and efficiency for a diverse and dynamic array of needs
- Proprietary McKinsey industry insights and an external database provide leading knowledge coupled with industry experience
- Strong implementation support and risk management to achieve tangible impact with quick deployment (approximately four weeks)
How it works
Upload data
Easily upload relevant data, such as price and chemical content, manufacturing constraints, or supply chain constraints
Run optimization
Run the optimization analysis, driven by the fully customized business model created by McKinsey and the leading market database integrated into Optimix
View results
Results are available both in the cloud and on local computers and accessible from web browsers and mobile phones
Implement changes
Using the results from the analysis, implement changes, for example, in materials sourcing and recipe structure
What the output looks like
Sample output of new recipe for sinister and blast furnace
Sample implementation cases using Optimix output
Material Yard
Reduce raw material variation by improving material yard management and optimizing material blending
Improve fuel and flux quality through “first-in-first-out” and quality spot check
Conduct daily analyses of the composition variation of the mixing iron ore material, especially for TFe, SiO2, and Al2O3
Sinter
Conduct sinter cup tests to understand changes in sinter properties
Optimize sinter operations to stabilize sinter throughput and key quality indicators, like drum index, and size distribution
Develop a basicity prediction model to control the basicity conformity better
Blast furnace
Conduct sinter cup tests to understand changes in metallurgical properties
Stabilize blast furnace operations through process control in the following key dimensions
- Slag composition control
- Charging scheme and burden distribution
- Thermo-control scheme
- Hot blast scheme
- Slag control scheme
Sample output for price prediction
Optimix Price Prediction Module
Click thumbnail to expand
Optimize conducts advanced analytics based price forecast
- Analyze a considerable amount of historical data to accumulate market experience quickly
- Model-based price forecasts create a stable logic and avoid human-sentiment intervention
- Improve long-term accuracy with model iteration
- Replicate models and transfer them for different commodities
Why use Optimix
1. Industry insights
Features built-in key industry insights from extensive engagements
Continuously evolving to incorporate new knowledge
2. Process modeling
Fully customizable to reflect each client’s manufacturing process and business needs
Filters data and manages the quality of the information
3. Data modeling and solver configure
Creates data modeling to improve efficiency and quality
Fine-tunes solver configuration to guarantee consistent results even with heuristic algorithms
4. Cloud-based agile architecture
The cloud-based core engine enhances more complicated optimizations
Balanced flexibility helps further enable CST and clients use Optimix to do the optimizations
5. Implementation enablers
Organizes scenario optimization results for implementation
Provides change management and tracks the performance
Optimix has achieved
1 to 3% average
profit increases by identifying market opportunities based on advanced analytics models. Mainly applied in steel finish products.
1 to 5% average
reduction in raw material costs. It can be applied to iron ore, scrap steel, coke, and thermal coals.
Here are some examples
Optimix reduced costs by 3% for a large steel mill with approximately six million tons of capacity
Click thumbnail to expand
A steel player achieved a 2% reduction for the total cost of coke
Click thumbnail to expand
A corn company leveraged Optimix to be able to predict price with a 60-70% accuracy for 700+ features in 4 categories
Click thumbnail to expand
By working with us, you will have access to
Experts
Our industry and functional experts will be on the ground where and when you need them.
Helpdesk
Our helpdesk will keep doors open and commit to addressing your concerns efficiently and effectively.
Training
We offer coaching and build capabilities for your teams to deliver sustained improvements.
Implementation
We partner with you and co-create a firm path to implementation as part of the project.