Joint replenishment is a technique for coordinating ordering decisions on a group of items to achieve lower cost. An optimal dollar value for the joint order is calculated an Annual usage data is used to calculate the value and quantity for each part number in the order.
Joint replenishment is a technique for coordinating ordering decisions on a group of items to achieve lower cost. An optimal dollar value for the joint order is calculated an Annual usage data is used to calculate the value and quantity for each part number in the order.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
Joint replenishment is a technique for coordinating ordering decisions on a group of items to achieve lower cost. An optimal dollar value for the joint order is calculated an Annual usage data is used to calculate the value and quantity for each part number in the order.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online from Scribd
jwetzel@opsmath.com Joint Replenishment A technique for coordinating ordering decisions on a group of items to achieve lower cost Similar to the economic order quantity (EOQ) technique – an optimal dollar value for the joint order is calculated Annual usage data is used to calculate the value and quantity for each part number in the group