Inventory Position: On Hand + On Order − Backorders, and the Order at Each Review
This lesson is part of the course
In this lesson
You calculate the inventory position of eight items at the weekly review, the quantity that brings each item back to S, the order rounded to case packs and the value of the whole order.
Buy the course once for $9.99 to unlock every lesson and lab, the final exam and the certificate – lifetime access, no subscription.
Lessons in this course
- Three Ways to Reorder: Continuous (s,Q), Periodic (R,S) and Min–Max (s,S) Locked
- The Order-Up-To Level: Demand Over R + L Plus Safety Stock Locked
- Choosing the Review Period: Ordering Cost Against Holding Cost Locked
- Inventory Position: On Hand + On Order − Backorders, and the Order at Each Review Locked
- A 52-Week Simulation: Arrivals After the Lead Time, Net Stock and the Pipeline Locked
- Service Measures: Stock-Out Weeks, Fill Rate and Average Stock Locked
- Tuning Min–Max: Cost Versus Service for Six (s,S) Settings Locked
- Joint Replenishment: One Supplier, a Common Review Day and a Minimum Order Value Locked