Effective production and supply planning is a careful balancing act. The goal for most production companies is to optimize supply planning to avoid stockout and backorders, and reduce ordering and inventory costs. This requires agility to handle changes in demand as well as visibility into and control of the supply and demand of materials to ensure a high order fulfillment and low ordering cost.
The specific enhancements comprise five new reorder period fields which have been added to the item card planning parameters to help optimize when and how much to reorder:
- Time Bucket
- Rescheduling Period
- Lot Accumulation Period
- Overflow Level
In addition, a new reorder quantity field has been added to the item card planning parameters to help optimize how much to reorder. On item and SKU level, the user can set up specific dampeners with the following two parameters, ensuring that minor order changes are avoided:
- Dampener Period
- Dampener Quantity
And, two new global setup fields – Default Dampener and Quantity Blank Overflow Level – have been added to the Manufacturing Setup window to determine how to reorder when item cards do not have a specific planning parameter.
Posted by iCepts Technology Group, Inc.-