Supply Chain

Inventory Optimization

Following steps gives details of setting up an Inventory Optimization plan. For setting up Inventory optimization plan, we first need to have items classified under ABC groups. Define ABC Classes   ABC classes to identify the value groupings to which…

Consigned Inventory

    Consigned Inventory is used to manage material owned by Third party. So supplier places the inventory in customer’s store or warehouse and allows them to sell or consume it. Customer purchases the stock only after he resells the stock or…

Inventory Forecast – Manual Creation

    This post goes through the manual forecast creation process. This also covers the forecast consumption. We will try to create sales order demand and see how the forecast consumption is affected by this demand. Forecast consumption replaces forecasted demand with…