What is new in SAP IBP 1908?
SAP IBP 1908 brings some much awaited updates to the advanced supply chain planning platform. Some are marginal enhancements while others are significant changes to the tool and is a … Read More
Tag: inventory management
Silver Bullets To Tackle The Intermittent Demand Problem
The first step to handle intermittent demand should not be looking for a magical statistical model to solve our problems. We should question the reasons for intermittent demand and come up with a business angle to formulate solutions. These may include integrated demand-supply strategies as well as sales intelligence on customer ordering patterns. Applying Croston’s models and discrete distribution models should be the last resort to address intermittent demand problems.
The Use of The NORMSINV Function In Safety Stock Calculations
There was a question on Linked in about the use of the NORMSINV function in Excel. Initially the poster mentioned the NORMSDIST function. But for safety stock purposes, you … Read More
Inventory Optimization vs. Days on hand
Why is it important to learn new techniques than banking on century old DOH measure? The Days of Supply is a thumb rule calculation used to manage inventory during the … Read More