Inventory Component Definitions
Anticipation
Inventory for new initiatives before customer shipments begin
AITS Touchless Adherence Target
>= 85%
System used for Finished Product Safety Target Setting
AITS
The current global standard tool for recommending Safety Stock Level for raw/pack materials to minimize the cash and providing the right service
PRIMA
At how many DFC does Excess UPI begin?
Greater than 91
Red
Blocked Inventory (damaged, off quality, past SSD, etc.)
Location where OU stores UPI goals
Inventory Management (index for IM)
PowerBI App for calculating inventory components
ISC
Safety stock increases exponentially as 100% service is approached. There are 2 service targets used to determine safety:
Customer Fill Rate (TOF) and Interplant Fill Rate (IOT)
Total NA Inventory $ (Within $0.2 Billion)
$3.0 Billion
Safety
Intended to Cover Variability (Can be Productive or Situational)
SAFE (MAGICs) Disposition Timing for NPI Inventory (Days)
90 Days Evaluation + 90 Days Disposal
Interactive website for assigning owners and actioning UPI/NPI
UPI Portal
Ratio of availability to requirements (not modelled in AITS)
C : D
Stock in Transit is always at the ______ location
Destination
Cycle
"Expected" Inventory driven by planning parameters
ALE (UPI) Action Plan %
80% of ALE$ needs documented action plan
Webapp developed to make overrides or changes easier in AITS
ITS Hub
3 Components of Effective Error (major drivers of safety reco)
Demand Forecast (SDFE), Manufacturing (SDME), and Transportation (SDTE).
NPI Disposal Methods (4)
Scrap, Donate, Garp, Remnant, Alt Use
Amber
Forecast ending in next 26 weeks (orange prevention) or Approaching SSD (red prevention) and will not be consumed
IWL Matlocs Above and Below (%)
<10% Above and <5% Below
New Webapp for Inventory Disposition Creation, Approval and Booking
ScrApp
AITS is a ____ solver, meaning safety is calculated for the Supply Network for each location over the total ____
Multi-echelon,
Lead Time
Inventory component with the most letters in its name (not Total Plant Stock)
Parameter Driven Cycle