This workflow upon execution checks current inventory levels for various products located in various warehouses. The end user then has the option to edit their confidence level of not wanting to experience a stock out. This will then display the products and related warehouse in need of instant re-order based on current inventory, average daily demand, and delivery lead times. The next portion will lead us to a page which allows the consumer the ability to notice historic demand trends and take notice for any outliers or changes in demand trends. Next will be some basic linear regression testing, to make future demand predictions. The results of this can then be applied into the EOQ formula along with holding and ordering cost for each associated product.
Used extensions & nodes
Created with KNIME Analytics Platform version 4.5.0
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