Subject: New Article: MAX-MIN or ROP-ROQ - Does It Really Matter?


New Article: MAX-MIN or ROP-ROQ
Does it Really Matter?
Issue #203

Hi Friend,

As a subscriber to this newsletter I want to give you an early heads up on something new. In a couple of weeks I am going to announce a new content sharing alliance that will give you access to more demand planning and forecasting content. The alliance is between us and Smart Software Corp. Smart Software is a global leader in demand planning and forecasting solutions.

Thant's all I can say for the moment, so stay tuned for more information in a couple of weeks.

In the meantime, if you are not familiar with Smart Software, here is a link to their website. 


Online Orientation Sessions
Our next online orientation session is scheduled for December 5/6.
Dec 5 if you are in North or South America and Dec 6 for the rest of the world.

This session is primarily designed to show new members how to make the most of their membership but it is open to everyone - new and existing members plus anyone considering joining.
Places are limited and preference will be given to new and existing members.

To find out more go to our Orientation Session page.


New Article: MAX-MIN or ROP-ROQ - Does it Really Matter?

There are essentially two ways that companies express their inventory control settings: either as MAX- MIN (sometimes MIN-MAX) or ROP-ROQ.

Some people will say that it doesn’t really matter which you use, just as long as you understand the definitions and the pros and cons. However, in my experience it does matter and this is one aspect of spare parts inventory management that you really do need to get right.

Keep on improving!

Phillip Slater
Founder, SparePartsKnowHow.com

Better Spare Parts Management Start Here!
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Upcoming Events

Online Orientation Session

Our next online orientation session is scheduled for December 5/6 (depending on your time zone)



Group Discussion Session

Our Group Discussion sessions start in January 2018.
The first session will focus on why spare parts are different from other inventory types.
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sparesFinder: the world’s foremost software company for helping businesses with standardizing  enriching, governing, finding, and leveraging their MRO and material master data.

Smart Software whose inventory planning & optimization platform addresses the root causes of excess inventory in a single, easy to use, and scalable environment. This tool extends beyond traditional demand planning and forecasting by leveraging probability modeling and analytics to drive inventory strategy.

The Reliability & Maintainability Center (RMC) at the University of Tennessee, Knoxville, provides comprehensive education programs in reliability and maintenance practice.


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