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.
Cost-efficiency: Lower storage and production costs.
Flexibility: Quick adaptation to demand fluctuations.
Efficiency: Shorter lead times through streamlined processes.
Commonly used in the pharmaceutical and consumer goods industries to avoid overproduction, Batch Size Optimization enhances resource utilization.