by Don Johnston | Nov 25, 2021 | Optimisation, Replenishment
Preview in new tab http://www.inventoryadvice.com/wp-content/uploads/2021/11/InventoryControlCosts.mp4 Using a target service level to set safety stocks prevents optimisation. That is because the optimum service level is different for different items. Using the same...
by Don Johnston | Nov 9, 2021 | Inventory Strategist, Replenishment, Uncategorized
You can find out how good your reordering criteria (minimum and maximum levels) are by comparing their effects with those of near optimal criteria. There is open source software which can be used for this purpose. Instructions for downloading, installing and using it...
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