A sales and operations planning (S&OP) meeting is a critical decision-making activity that sets the overall direction for the company. Executives discuss trade-offs between customer service, inventory investments, production capabilities, supply availability, and distribution concerns, in order to balance generating profit with satisfying operational goals. Learn the five essential steps for successful S&OP planning.
economic order quantity in manufacturing
order quantity options including economic order quantity (EOQ) , inventory turns, 'x' days of supply, capacity-limited EOQ, etc. Additionally, these leaders consider the redeployment of inventory, moving of excess inventory from one warehouse or distribution center (DC) to another DC instead of making more product. To take this a step further, you can include planned events such as pricing actions, sales incentives, advertising changes, and competitive actions when running the simulations. Simulations