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

The lot size (LS) (also known as the replenishment quantity (RQ) or the cycle stock (CS)) is the number of units that arrive in a replenishment lot or are produced in a manufacturing lot (Points 1, 2, and 3 in the figure). The average replenishment quantity (ARQ) is the average size of lot size replenishments derived by dividing the total replenishment quantity over a particular period of time by the number of replenishments received during that time.

 

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