Common cycle scheduling: A successful application

Common cycle scheduling: A successful application

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Article ID: iaor1990846
Country: United States
Volume: 28
Start Page Number: 16
End Page Number: 22
Publication Date: Oct 1987
Journal: Production and Inventory Management Journal
Authors: ,
Abstract:

A company experiencing unacceptably high inventory levels determined by analysis that lot size and safety stock levels had been set without the application of inventory theory suited to its operating environment (accurate cost data needed for such a theory were not immediately available). Using available data on current lot sizes, product demand rates, and production rates, inventory levels were significantly reduced by instituting common cycle scheduling and using statistical inventory theory to set safety stock levels.

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