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 Simulation

Just as the prevailing trade press winds have blown toward lower and lower inventory, they have carried with them the move toward smaller and smaller lot sizes; highly flexible production cells; mixed model rapid changeovers; and lot sizes approaching one. In many cases and for many SKUs there is a high return on investment for reducing lot sizes, and in many cases there is not. Computing and implementing optimal lot sizes for manufacturing run lengths and purchasing lot sizes is the focus of RightLots™ – lot size optimization.

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