Product Wheel
Description!
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Product Wheel
Forecast Security
Description!
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Forecast Security
DIFOT
DIFOT (Delivered In-Full, On-Time) or OTIF (On-Time In-Full) is a measurement of logistics or delivery performance within a supply chain. Usually expressed as a percentage,[1] it measures whether the supply chain was able to deliver:
- the expected product (reference and quality)
- in the quantity ordered by the customer
- at the place agreed by the customer
- at the time expected by the customer (in most of the cases, with a tolerance defined with the customer).
It measures how often the customer gets what they want at the time they want it. Some consider it superior to other delivery performance indicators, such as shipped-on-time (SOT) and on-time performance (OTP), because it looks at deliveries from the point of view of the customer.
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DIFOT
LASCBI
LASCBI stands for Latin America Supply Chain Management. Inventory is the heart of Supply Chain Management and will explain their importance in due course. Inventory balances can be calculates using the same logic that can be applied to calculating a bank account. In this case, Product ID may be used in place of the account. Sometimes, when location is important, a combination of Product ID and Country ID may serve as the account.
In many systems, historical inventory balances may not be stored in the database. In these situations, all we are given is the current on-hand balance and the table with all inventory transactions. When needed, historical inventory balances can be created using a similar approach.
A very similar logic can be used to calculate inventory aging. When inventory is managed in lots, each lot is recorded with its own manufacturing date. In this case, calculating inventory age is rather simple. Conversely, when lots are not managed and different batches of inventory are co-mingled, calculating the estimated age requires certain initial assumptions and a very particular logic.
The assumption we have to use is that the older inventory is consumed before the newer inventory. This principle is called first in, first out (FIFO). Using the FIFO principle, we will assume that the inventory on the warehouse shelf was supplied in the most recent batch(es) that were received by the warehouse.
The calculation logic begins with the current balance as the starting point. Then, the program needs to read all the goods receiving transactions, starting from the most recent transaction, and moving back in time toward earlier transactions. For each transaction, the running balance needs to be depleted by the transaction Quantity and the corresponding part of the current balance becomes aged.
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