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Connecting Inventory Levels and Service Levels:

Most of us agree that the high-level goal of inventory optimization is to reduce inventory...

The Challenges with MRP:

MRP Systems have been used for decades to help with material planning. The promise has been an MRP system can...

There is an old saying in operations management; “You need to manage your supply chain, or it will manage you.” Few fields in your MRP...

Big Picture Costs of Inventory

Companies often miss the bigger picture. Recently, we have taken a small step as some companies now talk...

Understand Expected Service Levels

The first step in determining the “right” inventory level is to understand the expected service level...