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Spreadsheet Models for Inventory Target Setting at Procter & Gamble

Author

Listed:
  • Ingrid Farasyn

    (Procter & Gamble Services Company NV, Global Business Services--Business Analysis Solutions, Strombeek-Bever, Belgium)

  • Koray Perkoz

    (Procter & Gamble Services Company NV, Global Business Services--Business Analysis Solutions, Strombeek-Bever, Belgium)

  • Wim Van de Velde

    (Procter & Gamble Services Company NV, Global Business Services--Business Analysis Solutions, Strombeek-Bever, Belgium)

Abstract

Spreadsheet models have been instrumental in helping Procter & Gamble (P&G) to set inventory targets. The Global Analytics group of P&G's Business Analysis Solutions organization, an in-house modeling, decision-support, and consultancy group, created global inventory models. The models determine the best inventory levels and yield the required customer-service levels, subject to the characteristics and constraints of a particular supply chain. These spreadsheet models are easy to use and share. Therefore, they have become the standard tool for setting inventory targets at P&G; hundreds of supply chain planners worldwide now use them. They have contributed to inventory reductions of over $350 million and significant intangible benefits.

Suggested Citation

  • Ingrid Farasyn & Koray Perkoz & Wim Van de Velde, 2008. "Spreadsheet Models for Inventory Target Setting at Procter & Gamble," Interfaces, INFORMS, vol. 38(4), pages 241-250, August.
    • Handle: RePEc:inm:orinte:v:38:y:2008:i:4:p:241-250
    DOI: 10.1287/inte.1080.0345
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    Citations

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    Cited by:

    1. Ayan Chatterjee & Debmallya Chatterjee, 2024. "A Journey of Business Analytics in Improving Supply Chain Performance: A Systematic Review of Literature," Management and Labour Studies, XLRI Jamshedpur, School of Business Management & Human Resources, vol. 49(2), pages 337-361, May.
    2. Ingrid Farasyn & Salal Humair & Joel I. Kahn & John J. Neale & Oscar Rosen & John Ruark & William Tarlton & Wim Van de Velde & Glenn Wegryn & Sean P. Willems, 2011. "Inventory Optimization at Procter & Gamble: Achieving Real Benefits Through User Adoption of Inventory Tools," Interfaces, INFORMS, vol. 41(1), pages 66-78, February.
    3. Mauro Falasca & Christopher Zobel & Cliff Ragsdale, 2011. "Helping a Small Development Organization Manage Volunteers More Efficiently," Interfaces, INFORMS, vol. 41(3), pages 254-262, June.
    4. Thomas A. Grossman & Vijay Mehrotra & Mouwafac Sidaoui, 2016. "A Student-Centered Approach to the Business School Management Science Course," INFORMS Transactions on Education, INFORMS, vol. 16(2), pages 42-53, January.
    5. Luis Guimarães & Pedro Amorim & Fabrício Sperandio & Fabío Moreira & Bernardo Almada-Lobo, 2014. "Annual Distribution Budget in the Beverage Industry: A Case Study," Interfaces, INFORMS, vol. 44(6), pages 605-626, December.

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