Maintaining Inventory Based on Number of Days On-Hand is Probably Missing the Boat

On 08/08/2018

There are More Cost Effective Ways to Optimize Target Inventory Levels The single most effective way to ensure the availability of stock items is to maintain sufficient on-hand quantities without breaking the bank. But how do you walk that fine line between having too much inventory and having too little? Whether we’re talking about […]

Production Schedule Volatility Got You Down?

On 07/22/2018

Manufacturers need to step back and think about what they want to achieve with a production schedule so they can take maximum advantage of their ERP system and make it more effective Many manufacturers are all too familiar with the concept of "MRP volatility" or "system nervousness" regarding their ERP production schedule. The root cause […]

Setting Effective Inventory Safety Stock Levels

On 02/15/2018
inventory, safety stock

The role of safety stock (a.k.a., "minimum inventory levels") and its relationship with demand is commonly misunderstood. A popular intuition is to increase safety stocks whenever an increase in demand is anticipated. However, this misses the point of what safety stock levels should be designed to do. The use of average expected rates of demand […]

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Maintaining Inventory Based on Number of Days On-Hand is Probably Missing the Boat

Production Schedule Volatility Got You Down?

Setting Effective Inventory Safety Stock Levels