Staggered Procurement of Raw Material

Reply Tue 19 Aug, 2014 12:41 pm
I'm am currently finding it difficult to cope with the ordering cycles that we have for materials. The lead time for our main component is around 2 months, I have however staggered it to set it up in such a way that I have shipments coming in every 2 weeks. I really am not sure if this is the best way of doing things. Do you know of any method that is available to ensure that the material coming in, is in line with the demand prediction. When the demand is static, what you order is the average consumption over the lead time + safety stock. now when I have broken up the shipments in this fashion, I really can't seem to use a formula!
  • Topic Stats
  • Top Replies
  • Link to this Topic
Type: Discussion • Score: 1 • Views: 1,460 • Replies: 0
No top replies


Related Topics

Business name - Opinions Please - Question by dreshany
Business - Question by johnhartman
Shut Up And Eat. - Question by boomerang
Business - Question by saddam
Print mailing - Discussion by shewolfnm
To start an own animation company - Discussion by antonyinit
  1. Forums
  2. » Staggered Procurement of Raw Material
Copyright © 2024 MadLab, LLC :: Terms of Service :: Privacy Policy :: Page generated in 0.04 seconds on 07/24/2024 at 06:13:31