Material inventory strategy

Definition of material inventory strategy

The material stock strategy is used to decide when and how many materials are to be made available. It is also called a storage strategy.

Types of material inventory strategies

S, T strategy

The S, T strategy, in which the inventory is checked and planned according to the program at constant time intervals (T). If there is a shortage, the basic stock S is replenished.

s, s strategy

The s, S strategy, in which the inventory is checked after each removal. If order point s is not reached, the basic stock must be replenished.

s, Q strategy

The s, Q strategy, in which the inventory is checked after each removal. If the order point s is not reached, the quantity Q must be ordered.

s, S, T strategy

The s, S, T strategy, in which the inventory is checked at constant time intervals. If the order point s is not reached, the basic stock S must be filled up.

s, Q, T strategy

The s, Q, T strategy, in which the inventory is checked at constant time intervals T. If the order point s is not reached, the quantity Q must be ordered.

Was the explanation to "Material inventory strategy"Helpful? Rate now:

More explanations too