Using Coefficient of Variation as a Guide for Safety Stocks
In one of my previous posts, I wrote about using coefficient of variation (CV) as a predictor of forecastability. In...
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- September 22nd, 2015
Category: Inventory Management
Cycle Service Level Versus Fill Rate Service Level – Part Two
Last post, I discussed in some detail the concept of cycle service level and how it works in the retail...
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- September 17th, 2015
Cycle Service Level Versus Fill Rate Service Level – Part One
Most businesses would put high customer service as one of their top business priorities. While there are many different things...
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- September 15th, 2015
Eliminating Some Of The Safety Stock Mystery
In the simplest inventory situation, the only variability is in the quantity of demand for a single day. There is...
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- August 6th, 2015
Is your Business in Need of Multi-Echelon Inventory Optimization (MEIO)?
In one of my previous blog posts on inventory, I used the info-graphic above to show the evolution of software...
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- June 2nd, 2015
Three Inventory Modules in Supply Chain Planning Software Suites
My first memory of inventory is from a conversation I had with my Dad when I was probably 10 years...
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- May 5th, 2015
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