Key Notes
- Supply Chain network design and Optimization
- Process network vs Supply Chain
- Echelon storing locations
- Inventory depends on Lead time, Shipment frequency, Supply / Demand variability
- Reorder point, safety stock
- Fixed order size / Variable order size
- Represent policy in the model
- Service Levels
- Frequency / Volumes bases
Single storage assessment
- Re-order point
- Fill rate based
- Different simulation and fill rate
- Reorder point undershoot
- Using Fill rate
- Reorder point for fixed Q
Multiechelon challenges
Learnings
Features to consider
- Reorder point, safety stock
- Fixed order size / Variable order size
- Number of Replenishment cycles
- Nominal lead time + downstream distribution time
Keep Thinking!!!
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