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Process Improvement
Process Improvement
- Forecasting:
Custom forecasting tools to fit your company's demand and business environment. Reduce your forecast error and stockouts.
- Dynamic Safety Stock:
Safety stock is the most expensive form of inventory. Reduce your safety stock by proper statistical methods and vary your safety stock during high seasons and reduce during your low seasons.
- Fill rates:
Balancing fill rates (customer service levels) with inventory - best service with minimum inventory.
- Purchasing:
Purchasing process optimization
- Automated statistical reorder point design.
- Coordinated Lot Sizing (Line Buying) Problems: Captures economies of scale in procurement procedures, transportation, storage and handling.
- Warehousing:
New warehouse design, increasing efficiency of existing warehouses, reducing pick, pack and ship times, technology solutions to track and monitor inventory.
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