Project Scheduling Diagrams: Gantt, CPM, PERT, and Inventory Control
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Saw-Tooth Diagram for Inventory Management
The Saw-Tooth Diagram is a design used for input control and monitoring of stock. This graph serves to manage inventories, ordering, and the volume of flow itself.
The optimal quantity is determined according to the purchase price, storage costs, and handling volume. The optimal lot (often related to the Economic Order Quantity or EOQ, here referred to as PDID) includes the purchase price, carrying costs, PDID costs, overhead costs, and costs incurred until the item reaches the point of sale or placement.
Henry Gantt and the Gantt Chart
Henry Gantt was an American engineer belonging to the classical school of organization who planned American military transport during World War I, using bar-line graphs.... Continue reading "Project Scheduling Diagrams: Gantt, CPM, PERT, and Inventory Control" »