SUBMITTED BY

COURSE
WAREHOUSE MANGEMENT
TOPIC
Definitions of Customer Fill Rate(CFR), Economic Order
Quantity(EOQ) & VUCA
DATE
14-APRIL-2017
SUBMITTED TO
SIR AZHAR

ASSINGMENT
CUSTOMER FILL RATE (CFR):
A fill rate is a measure of the depth of demand that was satisfied by
inventory on hand. For example, a customer orders 20 units of SKU 2677,
but the seller ships the 15 units it possesses. The fill rate equals 15/20, 75%.
An out-of-stock situation occurred, but demand was partially filled.

ECONOMIC ORDER QUANTITY (EOQ):

The EOQ is the purchase order quantity that minimizes inventory costs when
units are too little value to be ordered one by one. The economic order
quantity is the optimum quantity of goods to be purchased at one time. The
EOQ minimizes total holding and ordering costs for the year.

VOLATILITY, UNCERTAINITY, COMPLEXITY, AMBIGUITY

(VUCA):
Volatility, Uncertainty, Complexity and Ambiguity (VUCA) Drivers are
increasingly used in recent years to describe the current business
environment and the impact it has on the supply chain performance. The
VUCA term became increasingly interesting to the leaders who seek to
operate their businesses efficiently and effectively.