Supply Chain View

This is basic stuff, but as usual there is a lack of clear and concise explanations of this on the web. It is also very important, as most methods of inventory control can be reexpressed as some form of reorder point method. Hence this simple introduction. I have also prepared a Reference Sheet that summarises […]

I have had a couple of conversations recently that have led me to think about how much overstock we might expect in a Pull supply chain even under fairly idealistic conditions. The first was with a colleague working on a redesign of a warehouse in which a large number of products had stock outside of […]

This was prompted by a question on the CILT’s eDiscussion forum. I thought the topic deserved a little more room for explanation, so here are my top ten tactics for simultaneous inventory reduction and service improvement. I have divided this into two posts – five tactics today, the next five coming up in part 2. […]

I have just read a paper published in the Jan 07 edition of the Journal of the Operational Research Society (JORS) entitled “A new approach of forecasting intermittent demand for spare parts inventories in the process industries”. The authors – ZS Hua, B Zhang, J Yang and DS Tang from the University of Science and […]