1. Describe the benefits of the developed inventory decision systems in use at P&G. Procter & Gamble...
Question:
1. Describe the benefits of the developed inventory decision systems in use at P&G.
Procter & Gamble (P&G) is a large, diversified, multinational consumer products company. Its modeling and decision support group was asked to create global inventory models. P&G has needed “scientific”
models to help it control its inventory since the mid-1980s when it implemented Distribution Requirements Planning (DRP). P&G needed an easy way to establish reliable safety stock levels at both the item and location levels. This safety stock is needed to allow for uncertainty in demand as well as the uncertainty in production during the time when replenishments would be delivered.
Step by Step Answer:
Decision Support And Business Intelligence Systems
ISBN: 9780136107293
9th Edition
Authors: Dursun Delen Efraim Turban, Ramesh Sharda