Explain me is the optimal order or production frequency calculated on a regular basis as part of a continuous improvement process?
Submitted by: Muhammad
Once you've reduced inventories, you'll have to put new processes in place to lower them even more over time. We use an analytical tool that highlights the biggest levers for continually reducing inventory. For example, instead of working to improve sales forecast accuracy from 70 percent to just 75 percent, establishing a team that's focused on reducing lead times from Asian suppliers may have more impact.
Submitted by: Muhammad
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