Batch Size Optimization

What is Batch Size Optimization?

Batch Size Optimization refers to adjusting production lot sizes to minimize costs, inventory levels, and lead times, based on demand and capacity, using data-driven planning tools.

Why is it important?

• Cost-efficiency: Lower storage and production costs.

• Flexibility: Quick adaptation to demand fluctuations.

• Efficiency: Shorter lead times through streamlined processes.

Applications

Commonly used in the pharmaceutical and consumer goods industries to avoid overproduction, Batch Size Optimization enhances resource utilization.