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Inventory costs: purchasing, ordering, holding and stockouts

Inventory costs: purchasing, ordering, holding and stockouts

Leon

What does it cost to keep inventory—and to run out? Learn how to estimate purchasing, ordering, hold...

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Demand forecasting: weighted averages, exponential smoothing and least squares

Demand forecasting: weighted averages, exponential smoothing and least squares

Leon

Learn how to forecast demand by giving more weight to recent data, using exponential smoothing to ad...

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Demand forecasting: The last-period method and moving averages

Demand forecasting: The last-period method and moving averages

Leon

Forecast horizons, demand components, seasonality indices, the last-period method, simple moving ave...

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Types of Inventory and How to Classify Materials

Types of Inventory and How to Classify Materials

Leon

Raw materials, work in progress, finished goods, MRO, cycle stock, safety stock and seasonal stock: ...

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Inventory policy: service levels, turnover and days of supply

Inventory policy: service levels, turnover and days of supply

Leon

Learn how to set an inventory policy and measure it using service levels, inventory accuracy, turnov...

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