New to this forum so apologies if this has been covered. Some of my branch managers use min/max as the amount of product they WANT to stock of a certain...
We are a small educational maintenance dept. and we use Max for the amount we CAN/SHOULD store, and Min to trigger a reorder point....how many before we...
... my ... product ... up ... of ... Could we have a little more information? If you have a stockroom plus a display area than this will affect how you want to...
... Using your parts inventory record to store information about your physical plant is counter to common practices. Typically you store the overall min / max...
Hey, Min / Max isn't a simple determination in my eyes. Yes the basic premise is: max represents the most inventory you want to maintain and min represents...
Min/max is really just a slight variation of Fixed Reorder Point (your min, basically calculated as lead-time demand plus safety stock) and Fixed Replenishment...
Hai here you can go to find the formula for min-max.... Formula for Min-Max Setup The formula is very simple and straight forward - the trick is in the setting...
nikmath khan
nickmathkhan@...
Sep 8, 2007 11:11 am
1687
No magic, you have to do the math yourself. The costs of returns can vary significantly, you need to consider things like the labor costs associated with...
Hello everyone, this is my first post but I am in need of some guidance. I am having a lot of trouble getting good inventory numbers to the front. I believe...
I would say that you have two options. First, would be to cycle count during periods when the operations team is not performing any functions (replenishment,...
Thank you for the response. I spent some time on inventoryops.com so I know what you mean by cycle counting, but to track at each movement; does that mean...
I would have to say that would depend on the operation that you have. In a traditional warehouse environment you have receiving, put-away, replenishment, and...
I think it is obvious that my current system is less than ideal. We have spreadsheets and yield reports but all has fallen short of the glory of accuracy. I...
Make sure you use caution in making any changes. In my 15 years experience I have found to many companies that have found "better" ways to accomplish a process...
If you're having problems with numbers not matching others are most likely having the same issue. Talk to the person who orders material (unless of course...
This is a common problem area for manufacturers, but the causes and solutions vary based on the manufacturing processes and also on systems capabilities. You...
Having already posted a question and receiving many responses, I would like all of you to know that I now feel that the problem is the work in process and R&D....
You need to have agreed to procedures for adding and removing inventory. All parties have to follow the procedures or things are out of control. I've found...
1 It is possible that the original part was created some time ago and priced at that time. A new product model may have been produced at a later time needing...
i want to learn about making inventory in my fabrigue, but i don't know how i begin, i can operate computer in excell and access so i very thanks if somebody...
What procedures are recommended ( including accounting processes) to manage stock that is returned? What entries are made to inventory? Is it better to use a...
I mentioned the use of logical variance locations in my book on Inventory Accuracy <http://accuracybook.com/> (pages 118, 119, and 121 for anyone that has...
The concept of "Found" parts is not new but many cycle count methods don't take into account that some parts are merely lost. Whatever system you use will only...
... <HOTSCOTT4962@...> wrote: The concept of "Found" parts is not new but many cycle count methods don't take into account that some parts are merely lost....
Ideally you want to return the defective stock for credit and then create a separate PO to replenish your inventory (if necessary). In many systems, you can...
Good question: Without knowing the particulars first let's look at the people who work in your warehouse. Question you should ask yourself, has overtime been...
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