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Budgeting/ Planning |
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The Foundation has accumulated sources of information on a Min Max Inventory system as follows:
- Charlie Bodenstab authored a paper titled "Is There a Need for a Min-Max Option". He says, "Occasionally distributors, and particularly retailers, suggest that despite the sophistication of the forecasting and reorder logic of an inventory control system, there should be an override, whereby the user can stipulate that certain items be pegged with a min-max method of reordering. Their rational is that certain items have such a sporadic demand pattern that they are best served by allowing a manual pegging of minimums (below which the item will be reordered) and a maximum (the amount to which the reorder will bring the inventory balance)."
The Buttonwood Group LLP is a research and consulting firm specializing in performance measurement and organizational effectiveness. Their Web site provides information on selecting budgeting software, and provides links to eight software vendors.
FEI Research Foundation Products available on this topic are: Solutions for Better Planning: What A National Survey Reveals, February 2002
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