If it sells at 0.6 per month, then you might stock one, but this then ignores the fact the item is sold in twos.Ĭover forecast variability but then add another couple of weeks to cover supply variability Stocking 30 days of product translates to no stock at all typically for a product that is sold perhaps at 0.25 units per month. One problem with this sort of strategy is that it does not handle very low sales rate products at all well. Many packages ask ‘Well how long will I have to protect myself against sales or supply variability?’ They come up with strategies like … ‘If I have 30 days of stock then I should be safe.’ Many ERP packages employ some very simple techniques to handle what are unfortunately very complex issues. How do I factor in forecast accuracy, supplier lead times and variability, service level targets and order cycle periods into my safety stock calculations? The Perils of Overly Simple Approaches The integrated approaches employed by micq-if can help you. Wholesale distribution and supply chain management Importing and shipping product around a large network can present many opportunities for improving your bottom line. Your needs for the following issues were at the top of our list when we developed micq-if. We understand that healthcare demands particular inventory optimisation solutions when it comes to inventory management. micq-if has been especially developed to address the kinds of issues that are experienced with multiple warehouses and large product ranges. Horizon Inventory helps automotive and aftermarket inventory optimisation and inventory management needs. As global supply chains mature you will find that you need more and more intelligent inventory management solutions with our MICQF product.
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