Inventory Planning Blog

Inventory Ordering: Three Common Approaches

Posted on Wed, Aug 25,2010@12:10 PM

growing pennies 160x160How should a planner set the reorder point and reorder quantity (or order-up-to level) for thousands of items, perhaps at multiple locations? Due to the absence of an ‘intelligent’ planning system, three commonly used approaches have been Brute Force Review, Economic Order Quantity, and Periods of Supply, usually done in spreadsheets.

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Tags: Inventory Planning, Forecasting Inventory, Demand Planning, Supply Chain, reorder quantity, Brute Force Review, Economic Order Quantity, Periods of Supply