Inventory and Demand Forecasting: Guest Posts

Data Driven Planning, Demand forecasting and inventory optimization

Backing into Safety Stock is the Safe Play

Backing into Safety Stock is the Safe Play

Safety stock is a critical component in any system of inventory management. Indeed, some inventory software treats safety stock as the key decision variable in the quest to balance inventory cost against item availability. Unfortunately, that approach is not the best way to strike the balance.

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MAX-MIN OR ROP – ROQ

MAX-MIN OR ROP – ROQ

This guest blog details the differences between Min-Max and Reorder Point- Order Quantity replenishment logic and why it is important. It is authored by Phillip Slater, Founder of SparePartsKNowHow.com the leading educational resource for spare parts management. Mr. Slater is a global leader and consultant on materials management and specifically, engineering spare parts inventory management and optimization.

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Handling Extreme Supply Chain Variability at Rev-A-Shelf

Handling Extreme Supply Chain Variability at Rev-A-Shelf

Does your extended supply chain suffer from extreme seasonal variability? Does this situation challenge your ability to meet service level commitments to your customers? I have grappled with this at Rev-A-Shelf, addressing unusual conditions created by Chinese New Year and other global events, and would like to share the experience and a few things I learned along the way.

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Recent Posts

  • Ship and Supply Chain Blockage in Suez CanalRedefine Exceptions and Fine Tune Planning to Address Uncertainty
    In a perfect world, Just in Time (JIT) would be the appropriate solution for inventory management. But as the saying goes “everyone has a plan until they get punched in the mouth.” One enormous punch in the mouth for the global supply chain was Suez Canal Blockage that held up $9.6B in trade costing an estimated $6.7M per minute. […]
  • Inventory Planning Processes Challenges OpportunitiesInventory Planning Processes: Challenges and Opportunities
    Smart Software is pleased to introduce our new series of educational webinars, offered exclusively for Epicor Users. Greg Hartunian, CEO at Smart Software, will lead a 45-minute webinar focusing on specific approaches to demand forecasting and inventory planning. […]