by Don Johnston | Jan 22, 2017 | Forecasting, Inventory Management Basics, Lead Time Reduction, Replenishment
It is easy to reduce investment in inventory if you don’t mind a deterioration in customer service. Likewise, it is easy to provide good customer service if you don’t mind having a large investment in inventory. Good inventory management is concerned with...
by Don Johnston | Dec 26, 2016 | Inventory Management Basics, Replenishment
I have developed an inventory simulation spreadsheet for educational purposes. It provides two facilities which are not provided by the online simulator which is accessed by means of the “Simulator” tab. The additional facilities are graphs and use of your own demand...
by Don Johnston | Nov 1, 2016 | Forecasting, Inventory Management Basics, Lead Time Reduction, Replenishment
This article contains detailed information concerning the online Monte Carlo inventory management simulator which can be accessed by clicking on the “Simulator” tab in the menu at the top of the page. In parts of this article, it will be assumed that the reader has...
by Don Johnston | Oct 15, 2016 | Announcements
The simulator is now working. The problem was that getting Javascript to work on a WordPress site is not always a simple matter. I dealt with the problem by having the simulator hosted outside this site and linking to it.
by Don Johnston | Sep 26, 2016 | Announcements
The Monte Carlo simulator is not working at present. It was working until I put it on this site. I am investigating the problem.
by Don Johnston | Sep 18, 2016 | Announcements, Forecasting, Replenishment
There is now an online Monte Carlo inventory management simulator available for use. Clicking on the “Simulator” tab in the menu at the top of the page will open the simulator in a new browser tab. Click here for instructions for using it. Each simulation...
by Don Johnston | Sep 10, 2016 | Forecasting, Inventory Management Basics, Replenishment
This article provides an overview of inventory management simulation and its use for testing algorithms. If you want to use a particular algorithm for demand forecasting or reordering then it is desirable to simulate the effects first in order to avoid unpleasant...
by Don Johnston | Aug 13, 2016 | Announcements
I am developing interactive facilities for use by readers of this blog. For that reason, there have not been any posts for a while. A large proportion of my future posts will contain online calculators. I am currently testing an online inventory management simulator...
by Don Johnston | May 8, 2016 | Uncategorized
This review is of the third edition of the book “Inventory Control” by Sven Axsäter published by Springer. The book provides a predominantly mathematical treatment of many aspects of inventory management, both for distribution and manufacturing purposes. It is written...
by Don Johnston | May 4, 2016 | Announcements
Mathematical expressions are now displayed. A WordPress update had stopped mathematical expressions from being displayed by the plugin which I had been using for that purpose. I replaced that plugin with one which appears to be kept up to date. As a result, the...
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