Two Minute Videos
Week 32 – Inventory Management Mistakes, Finale
Safety stock is often seen as a holy grail for ensuring good customer service and optimal inventory levels. It is often miscalculated and mismanaged.
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Batch time is usually one of the largest components of cycle time. We provide a simple simulation to illustrate the dynamics.
Two Minute Videos
Week 30 – Inventory Management Mistakes, Part 3
Inventory policy should use the parameters of your environment along with operations science and math to help you adjust to variability yet arrive at planned performance as expected.