Table of Contents
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.