KNOWLEDGE LIBRARY

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12Jun

Unit Fill Rate (UFR)

The unit fill rate (UFR) for an item is the portion of the total number of units...

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...

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...

Lot Size Optimization

Efficient order quantities (EOQs) incorporate the cost to place an order ( POC ), the forecasted annual demand ( FAD ), the inventory-carrying rate ( ICR ), and the unit inventory value ( UIV ).  Large order quantities yield high inventory levels and high inventory carrying costs but fewer orders and lower ordering costs.  High ordering costs and demand rates suggest large order quantities.  High inventory carrying rates and high unit inventory values suggest small order quantities.

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