Matthias Schmidt

Publications

2 Dynamic Safety-Stock Calculation

Authors: Matthias Schmidt, Julian Becker, Wiebke Hartmann, Sebastian Bertsch, Johannes Nywlt

Abstract:

In order to ensure a high service level industrial enterprises have to maintain safety-stock that directly influences the economic efficiency at the same time. This paper analyses established mathematical methods to calculate safety-stock. Therefore, the performance measured in stock and service level is appraised and the limits of several methods are depicted. Afterwards, a new dynamic approach is presented to gain an extensive method to calculate safety-stock that also takes the knowledge of future volatility into account.

Keywords: Material requirement planning, Inventory dimensioning, safety-stock calculation

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1 Efficient Supplies to Assembly Areas from Storage Stages

Authors: Matthias Schmidt, Steffen C. Eickemeyer, Prof. Peter Nyhuis

Abstract:

Guaranteeing the availability of the required parts at the scheduled time represents a key logistical challenge. This is especially important when several parts are required together. This article describes a tool that supports the positioning in the area of conflict between low stock costs and a high service level for a consumer.

Keywords: Manufacturing Systems, Systems Modeling, Simulation & Control, logistics and supply chain management

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