The Planning master-For industrial engineer
This site is all about planning in an organization. Material planning, production planning, KPI and lean
Consignment is a significant inventory planning method. The idea is that the customer is paying for the goods only when it is consumed (or sold).
It is an excellent system for the client but also for the supplier that saves a lot of waste in the supply chain.
How to make a consignment agreement and why.
ABC model allow us to plan our inventory in a smart way. We refer to each item as part of a group. Some groups are important and we micro manage them and some not.