I have talked about the use of marginal contribution approach to calculate stocking levels base on overstocking and under stocking cost in the transhipment analytics approach earlier, and compare it with the safety stock and variability propagation calculations.
What I had not talked about is about developing quick change, high-mix, low-volume value added services for a
transhipment hub like Singapore. Value added services like labelling, repacking, QC, light assembling and customization are carried out in such centralized locations. It is thus key for these companies to grab opportunities to reduce changeover time by better scheduling and value stream mapping approaches. What is also important is to know when we need to buffer with inventory, time and capacity. This is where Factory Physics approach comes in.
Value added, storage, logistics, manufacturing and even raw materials balancing and adjustments can then be done with coming item level serialization.
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