Inventory Risk Decision-Making Techniques Using Customer Behaviour Analysis

More recent research shows the significant impact of accurate demand forecasting on operation supply chain system and thus performance company. Inventories in production process could represent waste, which results higher storage costs consequently a product price, turn reduces company's competitiveness market. Nevertheless, company must implement lean carefully control inventory costs. The introduction is closely linked to risk stock-outs, knowledge this relation customer habits therefore useful piece information for line manager's decision-making. This paper will present mathematical model that relates level warehouse or between work operations potential penalties arises with process. With we can simulate, how improve processes still acceptable risk, goal achieving balance stocks leanness demonstrates use concrete example from practice simulation when choosing different scenarios resulting changed behaviour.