Struggling to find the sweet spot between overstocking and running out of critical supplies? Say goodbye to stockouts and hello to a well-oiled supply chain with Brian Bartel, Suzi Collins, and Justin Poulin as they unveil the secrets to mastering reorder points and safety stock. In this episode, Brian breaks down his tried-and-true formulas for calculating optimal inventory levels, while Suzi shares cautionary tales of unit measure mishaps and the importance of understanding how products are pulled. Together, they'll guide you through the ever-changing landscape of lead times and usage patterns, providing you with the tools to make data-driven decisions and keep your shelves stocked with the right products at the right time. Tune in now and discover how to take your reordering game to the next level!
Formula: Reorder Point (ROP) Formula = Average Daily Usage x Lead Time + Safety Stock
Stay tuned for part two, where we'll dive into the Reorder Quantity formula!
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