Those who use Material Requirement Planning (MRP) for manufacturing planning, probably have realised that any changes
Offsetting allows you to determine the planned order release date based on lead time.
Lot for Lot Inventory Replenishment method is useful only when you don’t want to maintain any excess Inventory or buffer stock.
Manufacturing Strategy ○ Level Production: Target same outcome every month. Risk is – there may be period of over stocking leading to increased inventory handling cost.
Runners, Repeaters and Strangers (RRS) Analysis As I am an ERP Specialist, it is a regular activity for me to conduct business requirement gathering workshops involving
Bullwhip effect is the extreme change in the supply position in the upstream based on a small change in the downstream. For example: Significant Inventory stock has been created as a result of the supplier inability to deliver product on time.
Key Principles of SCM are: – Increase Visibility: Make the information about the supply chain visible as
An Organization may follow one of the following SCM Operating Models.
A Business Model explains a plan to generate revenue and earn profit based