Review of selected measures describing demand
Quantitative reasoning based on the demand history of a good is necessarily linked to the statistical analysis of the data. In this paper, the analysis of historical demand data has been carried out with the use of measures such as: A given set of numbers that are the results of observations can be ordered according to […]
Explore moreReorder Point and Target Level
The system based on the information level assumes that an order is placed at a time when the level of available stock is lower than or equal to the so-called information level (ROP or Reorder Point). Available stock is understood as stock amount increased by already placed orders and decreased by products available or allocated […]
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Demand is defined as 'a need for goods or services’ [Drabik and Sobol 2014]. In the book by Ziomek [2006], the term is described as „the amount of goods and services that a buyer wants to buy at a given price”. According to Philip Kotler [1999], the notion of demand must be seen in the […]
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The stock maintained to ensure the adopted level of customer service is called the safety stock [Krzyżaniak 2008; Klimczak 2001]. In the literature, this stock is also defined as a part of the stock created in order to protect against the occurrence of higher demand than planned or to extend the delivery time of an […]
Explore moreAnalysis of inventories on the example of selected enterprises (pt.3) – ABC/XYZ analysis results
Analysis of inventories on the example of selected enterprises (pt.3) – results of ABC/XYZ analysis The results of ABC/XYZ analysis from last publication for the interior trim company, expressed as the number of indexes and the value of inventories in particular groups, are presented in Figures 1 and 2. Figure 1. ABC/XYZ analysis results expressed […]
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