Which lot size i suppose to create for consumption based Reorder point material for below formula.
Order qty = Reorder level + Economical Order Qty - current stock - open PR - open PO
Order Qty = (10 + 5) - (723)
= (15) - (12)
Which lot size or config i should go for it?.
Priyanka Paltanwale replied
Did you take safety stock for delayed delieveries....???
> When i see your data and your calculation...i see that mostly you company donot maintain much data at the same time....so the no. of pr's n PO's taken in the cal. is also less....and same with the reorder point..which is 10....so i think tht lot for lot ie. Fix lot will be the best option...so for this the lot size will also be 3....
hope it helps...