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2. Economic production quantity - Wikipedia

   en.wikipedia.org/wiki/Economic_production_quantity

   The economic production quantity model (also known as the EPQ model) determines the quantity a company or retailer should order to minimize the total inventory costs by balancing the inventory holding cost and average fixed ordering cost. The EPQ model was developed and published by E. W. Taft, a statistical engineer working at Winchester ...

3. Gross margin return on inventory investment - Wikipedia

   en.wikipedia.org/wiki/Gross_margin_return_on...

   Gross Margin Return on Inventory Investment (GMROII) is a ratio in microeconomics that describes a seller's return on every unit of currency spent on inventory.It is one way to determine how profitable the seller's inventory is, and describes the relationship between the profit earned from total sales, and the amount invested in the inventory sold.

4. (Q,r) model - Wikipedia

   en.wikipedia.org/wiki/(Q,r)_model

   Constant fill rate for the part being produced: Economic production quantity. Demand is random: classical Newsvendor model. Demand is random, continuous replenishment: Base stock model. Demand varies deterministically over time: Dynamic lot size model. Several products produced on the same machine: Economic lot scheduling problem.

5. Master production schedule - Wikipedia

   en.wikipedia.org/wiki/Master_production_schedule

   A master production schedule ( MPS) is a plan for individual commodities to be produced in each time period such as production, staffing, inventory, etc. [1] It is usually linked to manufacturing where the plan indicates when and how much of each product will be demanded. [2] This plan quantifies significant processes, parts, and other ...

6. 6 Free Budget Templates for Excel, Google Sheets & Numbers - AOL

   www.aol.com/6-free-budget-templates-excel...

   Here are our picks based on budgeting personality types one might fall into. Best yearly budget template: Vertex42. Best monthly budget template: Vertex42. Best weekly budget template ...

7. Safety stock - Wikipedia

   en.wikipedia.org/wiki/Safety_stock

   Safety stock is held when uncertainty exists in demand, supply, or manufacturing yield, and serves as an insurance against stockouts. Safety stock is an additional quantity of an item held in the inventory to reduce the risk that the item will be out of stock. It acts as a buffer stock in case sales are greater than planned and/or the supplier ...