by Don Johnston | Nov 26, 2018 | Announcements, SIMS
Open source service level measurement software is now available. For details, click on the “SIMS” tab. For information about the technique which the software uses to measure overall service level, see my article on that subject.
by Don Johnston | Nov 25, 2018 | Announcements, Inventory Management Basics
I will consider two definitions of service level. One is the probability that the next customer demand will be supplied immediately off the shelf. This definition is often used in theoretical work. It is applicable to both individual items (products) and the entire...
by Don Johnston | Nov 3, 2018 | Announcements, Inventory Management Basics, SIMS
Open source ABC analysis software is now available. For details, click on the “SIMS” tab. For information about ABC analysis, see my article on that subject.
by Don Johnston | Jan 3, 2018 | Uncategorized
The technique described here is called “exponential smoothing”. It is a simple method of updating an average as new data becomes available. It is the basis of most techniques used for forecasting customer demands. It was discussed briefly in the article entitled...
by Don Johnston | Jan 3, 2018 | Announcements, Forecasting
Some incorrect formulae were found in the simulation spreadsheet described in the article entitled “An Educational Inventory Management Simulator”. They have been fixed.
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