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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...

Rescheduling

Forecast errors come in two directions, some guesses are higher than actual demands while others are lower. Expeditors react only to demands that exceed the forecast. A good planning system also reacts to the others by “de-expediting” when demands are less than forecasted. When the scheduling system reacts in both directions, the people executing the schedules have a much better opportunity to perform on time.

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