Production optimization for short shelf-life products
Case study
Forecasting
Safety stock
UK dairy industry
2019
.Conference presentation
30th Production and Operations Management Society Annual Conference, Washington, USA, 2nd-6th May
Abstract
We report on production planning improvements for a short shelf-life product. Using simulation, we optimized the production frequency of all 60 products in a factory. Together with improved forecasting and updated safety stocks this reduced the number of rush production orders by 98%; obsolete stock was reduced by 90%.