Inventory Control Simulation

This supporting function is used to simulate changes in safety stock and reorder points. This is done when changes are made to different settings affecting forecasts and inventory control.

Description

Simulations can be made for each item/warehouse and for an appropriate forecast period. The forecast values are retrieved from the selected forecast period for this simulation.

These settings can be changed during simulation:

  • Forecast method
  • Forecast quantity
  • Forecast MAD
  • Safety stock method
  • Safety lead time
  • Service level
  • Manual safety stock.

When the simulation is started, the values for the settings are retrieved from the item/warehouse files. When the settings are changed, the safety stock and reorder point are immediately recalculated. By using function key F10, the files are updated with the calculated values and the settings that have been changed during the simulation run.

By using function key F15, the original settings can be redisplayed.