MEIO
What does MEIO stands for?
Multi Echelon Inventory Optimization
What inventory protects against variability?
safety stock
Who is responsible for generating MEIO recommendations?
Inventory Analyst
Which business unit ties up most of our Inventory in the US?
Beverage Creations
Which Saturday of the month MEIO runs?
Second Saturday
What do you call inventory that does add value?
Non-productive Inventory
Who does the IA collaborate with to help RCA for IBD?
Execution Planner
Which US business unit has the quickest Inventory turn rates?
Yogurt
What are the inputs manually updated at MEIO workspace?
Production and replenishment frequency
How is target stock calculated?
Minimum Inventory + (Cycle/2)
Who maintains planning parameters in o9 (inputs to MEIO & IBD)?
Network Planner
What metric does finance department use to gauge inventory performance?
DIO (Days of Inventory Outstanding)
Mentioned three key benefits of implementing MEIO?
1.) Reduced inventory costs
2.) Improved customer service levels
3.) Improved supply chain visibility
4.) Risk mitigation
5.) Data-Driven Decision making
How many inventory components are considered within IBD?
5 (Cycle, Safety, In-transit, QA, and Anticipation)
What meeting is used as an escalation related to changes to our Inventory Strategy?
CNR
What is the finished goods reduction goal for 2025?
~$10M (does not mean we stop here though!)
What is the difference between MEIO DOC recommendation and target DOS?
MEIO DOC (Day of coverage) = safety stock
Target DOS (Days of stock) = (Cycle stock / 2) + QA + SS + in transit stock.
Producing an item more frequently has a direct impact to which inventory component?
Cycle Stock
Who is responsible for ‘approving’ MEIO recommendations?
Network Planner
What metric does finance department use to gauge inventory performance
DIO (Days of Inventory Outstanding)