Forecast
I would like to start by saying that planning lead time is not a popular parameter, very few people understand the impact of ignoring the lead time when it comes to computer parameters and as a planning tool. More than ever, the pandemic, highlighted the impact of ignoring the parameter. In the MRP world there are two kinds of master production schedulers, the ones who love "safety stocks" and the ones who understand "lead times". The first category are those who suffered from shortages in the past and at night, still hear the screaming and yelling from the people needing the material. On the other hand, very few people rely on lead times to ensure a healthy inventory level. In order to understand the difference, we need to clarify what happens when the safety stock and the inventory level is not the same or more. Internally the system will send signals to the planner or planners to make sure those items are addressed. This will create a list of items in desper...