While there are other inventory planning and managing software available, R represents a great tool for obtaining relevant information for simple inventory planning and managing tasks. its seasonality and trend) represents a critical task for supply chain analysts to be able to comply with the company’s goals and objectives. For this reason, studying - and understanding - the demand rate (i.e. On the other hand, having an excessive safety stock level could lead to unnecessary risks and holding costs related with inventory managing. Failing to calculate an appropriate safety stock level could lead to unsatisfied clients, economic losses and negative effects on the product’s brand and the company’s reputation. The SCperf R package includes specific functions for calculating appropriate safety stock levels and reorder points based on the inventory depletion, and thus, the demand rate.
Inventory planning and managing represent a critical task for every organization and business on today’s highly competitive and fast changing world, which should be used as a competitive advantage to achieve optimum ordering and/or production levels while satisfying the demand. As observed in the graph above, it can be stated that the safety stock and reorder point were correctly calculated since the inventory did not stock out, allowing the company to satisfy the demand at all time.
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