Time-phased order points |
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Authors: | Spedding P |
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Affiliation: | North Carolina Baptist Hospitals, Inc., Winston-Salem, NC, USA. |
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Abstract: | Many software packages designed for material management in health care unfortunately only offer the option of fixed or historically calculated re-order points for inventory planning. This article describes a technique called the time-phased order point that is appropriate for industries, such as health care, in which materiel usage cannot be tied to a production plan or other schedule of events. It also provides numerous examples of the use of this technique as an aid in understanding how it works. |
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