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KNOWLEDGE LIBRARY

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MOST READ

27Jun

Warehouse Occupancy Percentage

Optimal storage utilization helps enforce healthy inventory management. In our early work with Honda their...

02Jun

Efficient Procurement Inventory

Efficient procurement inventory (EPI) is often required to realize steep discounts when a special opportunity...

02Jun

Inventory Carrying Rate

The inventory carrying rate (ICR) is the percent of the unit inventory value used to...

26Jun

Inventory Activity Profiling & Data Mining

Suppose you were sick and went to the doctor for a diagnosis and prescription.  When...

27Jun

Inventory Performance Measures

Inventory performance measures include financial, productivity , quality, and response time indicators for evaluating the efficiency and...

Net Inventory Position (NIP)

On-hand stock plus units on-order plus pipeline inventory less backordered units less allocated units.

NIP= OHS + UOO + PI – BOU – AU

NIP = Net Inventory Position

OHS = On-Hand Stock

UOO = Units On-OrderPI = Pipeline Inventory

BOU = Backordered Units

AU = Allocated Units

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