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...
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 | 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 | Sep 23, 2015 | Uncategorized
The first improvements which you should tackle are determined by their likely effectiveness and how quickly and cheaply they can be implemented. Many aspects of improving inventory management improvement will be dealt with in this blog. Don’t just concentrate on...
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