Managing Purchase Order Lead Times in Plastics Manufacturing

In Plastics Manufacturing with resin and additive price fluctuations, sales forecast volatility, and varying levels of self-imposed risk, it is important to manage procurement. Minimizing inventory and the holding costs associated can sometimes take a backseat if other volatility warrants possibly over buying.

Strategies around what, when and how much will always be important to manage.

This can get far more complicated… let’s take a deeper look at MRP and PO lead time in our previous blog – Mid-week Reflections on MRP and Purchase Order Lead Time in Microsoft Dynamics AX