Many of my clients get quite frustrated with their inventory management software – especially the type of software that they use to calculate ‘optimal’ holding levels.
What they tell me is that they typically and frequently get from their software crazy numbers that just don’t make sense. In fact, it seems that in most ERP systems they just turn off this capability.
The cause of this problem is easily explained: it is the difference between logic and reasoning.
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You might also be interested in this items relating to inventory management software:
An article titled The Management of Spare Parts Inventory is Different – Here’s 8 Ways
A video on forecasting spare parts requirements
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Posted by: Phillip Slater