by Don Johnston | Dec 20, 2015 | Replenishment
Introduction Claims that particular software packages provide optimal inventory management are commonplace. Such claims, by themselves, are meaningless. They only become meaningful if there is a full description of the theoretical assumptions involved and of the...
by Don Johnston | Dec 7, 2015 | Inventory Management Basics, Replenishment
Consider what I will refer to as the “net quantity” of an item which is the quantity on hand plus the quantity on supplier order minus the quantity on customer back order. Reordering takes place when the net quantity falls strictly below a level known as the reorder...
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