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 ...

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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 ...

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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 ...

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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 ...

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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 ...

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Companies often have several thousand or tens of thousands of articles to plan. Depending on the ERP system, there are 20 – 100 MRP parameters per article that have to ...

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