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Max-Min OR ROP-ROQ: Does it Really Matter?

November 14 spkhadmin

This article covers:

  • The definitions of Min, Max, ROP, and ROQ
  • Why the differences are meaningful and important
  • The pros and cons of using each
  • Why you need to get this right
  • Links to further reading

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Pro Level members at SparePartsKnowHow.com can access an extended paper titled, A Practical Method for Determining Spare Parts Holding Levels. As the name suggests this paper details a simple and transparent method for determining the ROP and ROQ and shows you how to do this in three easy steps.
Click here to download a copy.
 
 

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For information on our spare parts management online training please visit our Pro Level page.

 
You might also be interested in these articles and videos:

How Your SAP Safety Stock Definition Can Drive You to Overstock Your Inventory.

Two Types of Inventory Accuracy

8 Reasons Why Spare Parts Management Is Different

Managing Slow Moving Inventory

Two reason Improved Maintenance Won’t Save Your MRO Spare Parts Problems

 
Author: Phillip Slater
 
 

Filed Under: Inventory Management

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