SCMToolBoxIMBasic

Supply Chain Management Tool Box
Inventory Management Basic Version

This app is designed for people who want to learn the basic concept of SCM and Inventory Management.

Economics Order Quantity (EOQ) is a classic model to find optimal quaintly to purchase with fixed demand and infinite time horizon.

News Vendor Model aka Single Period Model is the model with uncertain demand for perishable items. In this app, calculation is made based on normal distribution model only.

Periodic Review Model is the model with fixed sales price with uncertain demand with periodic replenishment cycle. In this app, calculation is made based on normal distribution model only.

Continuous Review Model is the model with fixed sales price with uncertain demand with continuous replenishment cycle. In this app, calculation is made based on normal distribution model only.

Formula:
- EOQ
- News Vendor Model
- Periodic Review Stock Model
- Continuous Review Stock Model

Mean/Variance/PDF
- Normal Distribution
- Unit Distribution
- Tranangle Distribution

Reference

- edX MITx MicroMasters Progrram in Supply Chain Management (CTL.SC1X)

- Inventory Management and Production Planning and Scheduling
(Silver, Pyke and Peterson) 1998

- Factory Physics
(Hoop and Spearman) 2008