Avoiding the Assumption of Normal Distribution in Safety Stock Calculations
Explore alternatives beyond the norm in the world of safety stock calculations. Join our webinar to break free from distribution assumptions.
A Journey Through Safety Stock, Part 11
This blog is the latest part of the story of Kate and Jane as they navigate the concepts of safety stock at Jane's company and focuses on variance terms.
A Journey Through Safety Stocks, Part 10
This blog continues the journey of Kate and Jane as they navigate the concepts of safety stocks at Jane's company.
How to Calculate Safety Stock and Evaluate Different Methods
Uncertainty and volatility have been around for decades. There are several methods of leveraging safety stock in the supply chain to mitigate risk.
A Journey Through Safety Stocks, Part 9
This blog continues the safety stock discussion between Kate and Jane as they evaluate historical sales and lead time data.
Understand the Factors Behind Inventory Accumulation by Optimization Models with No Demand
While working with various optimization models, I often encountered situations where the supply chain optimization model would make decisions to produce items even when there was no demand. This blog discusses different scenarios that led to the optimization models producing and storing excess inventory.
The State of Just-in-time Supply Chains
Prior to Covid-19, a lean, just-in-time global supply chain model was ideal. Fast-forward and you may be wondering - how did the JIT supply chain model fare?
A Journey Through Safety Stocks, Part 8
This blog continues the discussion between Kate and Jane as it relates to the unit of measure as the input demand.
A Journey Through Safety Stocks, Part 7
This blog continues the discussion with Kate and Jane and covers variance and cycle service level.
A Journey Through Safety Stocks, Part 6
This blog continues Jane and Kate's discussion on safety stocks through the lens of histograms.