Knowing what to order, when, and how much to order will impact your customer service levels. Customers today seek convenience and instant gratification. If your business experiences stock-outs of key products, they may knock on your competitor’s door.
While a supplier imposes an MOQ to help increase their profits, it’s vital to understand how supplier MOQs affect your inventory planning.
When placing optimal orders, you need to factor in external challenges that can affect your supply and demand.
How to manage new items effectively in your supply chain. R
Most companies have some kind of anecdotal information about their fill rate.