Inventories are dead capital and cost money. Manufacturers as well as retailers invest an additional 19 to 30% of their average inventory value annually in inventory costs (Fig.1). Consequently, profit ...

Lesen Sie mehr

1st order exponential smoothing is a time series analysis technique that can be used in materials management to forecast future demand. In 1st order exponential smoothing, the forecast value of ...

Lesen Sie mehr

The funnel model describes the behavior of a production capacity with respect to the processing of production orders in the form of an analogy model of a water funnel. Each ...

Lesen Sie mehr

Buyers like to talk about money being earned in purchasing. But is that really true? I claim: All partners in a supply chain bear their costs together! Is there a ...

Lesen Sie mehr

Lead time is generally understood as the amount of time required to prepare an action. In the transportation planning under it e.g. the time is grasped, which is necessary for ...

Lesen Sie mehr

A polemical “analysis” of the vaccine supply chain with a surprising insight Sometimes, special events help to realize how important professional supply chain management is. Industry and commerce have had ...

Lesen Sie mehr