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.
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