Inventory Optimizer (Windows 10, Windows 10 Mobile)
Inventory Optimizer helps in the optimization of several standard inventory policies used in practice. In particular, the following functions are available:
- Compute the optimum safety stock in an (s,q) inventory policy (reorder point - reorder quantity policy) (with continuous as well as discrete time axis).
- Compute the optimum safety stock in an (r,S) inventory policy (reorder cycle - order-up-to level policy).
- Compute the optimum safety stock in an (s,S) inventory policy (reorder point - order-up-to level policy).
- Consider regular demand as well as erratic demand.
- Perform sensitivity analysis: play with backorders or safety stock, compute resulting service level.
The implemented algorithms use the results from stochastic inventory theory. Inventory Optimizer avoids several modeling errors of the methods currently applied in many software systems for Supply Chain Management and Advanced Planning used in industry. The typical user of the Inventory Optimizer is an inventory planner or a consultant who needs the correct results for a given planning situation at his fingertips.
PC Version (Optimization)
Mobile Version (Optimization)
PC Version (Settings)
Literature
For more information on inventory management techniques see the following textbook:
Horst Tempelmeier, Inventory Management in Supply Networks, 2nd Edition, Norderstedt(Books on Demand), ISBN 978-3-8423-4677-2 [Available at Amazon (Germany, UK, US)]
