Hi dear all,
I want to know about Statistical Inventory Control. i know that it is used for creating Planned Inventory Purchase Order for Purchased Items. So anyone please elaborate SIC.

Thanking You,
Harekrushna

It's not as fancy as the name suggest. It simply tries to keep your stock levels above a pre-defined minimum level by suggesting purchase orders when your stock drops below that level. It doesn't do any sort of advanced forecasting of demand. Typically used for items with a regular demand and where the cost of keeping stock is (very) low compared to the cost of running out of stock. Not that I know anything about Inventory Control, so I'm happy to swap my view for that of an expert. Have you checked the help files in Baan?