20. The Characteristics Needed in a Forecast Program
This chapter is designed to list the sundry differences of many systems and their applicability. The information was created in collaboration with customers and suppliers. It was also accumulated as a wish list for future program changes in the system. When designing or buying a system, the following list can be used as a guide to what each system requires.
1. Many purchasing managers base their service level on different criteria. Some want to stock three or four weeks’ worth of stock as an average. This does not offer a quantitative view of how to reach the company goal. When trying to maintain a 97% service level with three weeks’ worth of stock on hand, this does not correlate. This is ...
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