Does anyone has experience of using the Statistical Inventory Control functions for calculating demand forecast and updating safety stocks and reorder points.

I would be very interested in both postive and negative experiences.

Not for calculating demand but for calculating security stock and decoupling point.
That is the easy way to plan your stock level, we recommand it to the people that don't want to use a complex system planning.
The only requeriment to run it correctly is that you need to have historyc data.

hELLO,

SIC is good tool but it's reliability depends purely on data defined while maintaining Item master & you need to keep it updated with all history data.

but it is advised that SIC shouldn be used for low cast fast moving raw materials which should not fell short at any moment of time.


Regards
sammeer

OK, but wat can't of strategy should be used instead?

Another point about the historical data. It should have a stable pattern.

Originally posted by sammeer
hELLO,

SIC is good tool but it's reliability depends purely on data defined while maintaining Item master & you need to keep it updated with all history data.

but it is advised that SIC shouldn be used for low cast fast moving raw materials which should not fell short at any moment of time.


Regards
sammeer