SCM Assignment 2: 19/07/2018

1. Decision Problem

To compute safety stock, reorder point considering the interests of various stakeholders.
We are going to use the data of FMCG company to test the model.

2. Input to the model

We will use the following inputs for the model:

Lead Time (LT), Review period (R), Daily demand (D), Holding cost (H), Order cost (C)

3. Output of the model

We will get the following outputs from the model:

Safety stock, Optimum Reorder point and EOQ

4. Analytical Method and Software

Analytical method used will be Sensitivity analysis and Shadow price

Software - MS Excel (Solver, Macro)

By Group 1 and Group 6