Need to develop a (Q,r) system for a purchasing department. Dept needs to buy items for construction projects that are mapped on a schedule. Some variability exists in adherence of projects to schedules (demand variability). Some variability in lead time of delivery. Some items need to be assembled together for inventory. Most items need to be inventoried at supplier locations, some are needed to be warehoused at company owned warehouse. What paremeters do I use to determine which items should be inventoired? Presuming Q,r policy is the right approach how do I begin drafting the policy? Where can I find more information on the subject? Any help will save a life.
Answer:
Here are some good papers on the subject:
http://www.ncbi.nlm.nih.gov/entrez/query.
http://www.ingentaconnect.com/content/kl.
http://ieeexplore.ieee.org/xpl/freeabs_a.
Hope this helps!
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