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Why do we need a master plan?
1- Identifies the best value and opportunities to optimize the current operations
2- Reduce risks
3- Ensure that today's decisions do not compromise or limit future opportunities
When is a master plan is needed?
a master plan should be developed and in place for :
- any new site
- any business acquisition
- significant change to an existing site
- any large capital initiative
Master planning of inventory is required for replenishment, customer demands for good and service supports. Minimize the risk of stock out
There is a need because if your supply chain plan is good it will save you a lot of money and cut your costs. This is always needed in order for businesses to increase profit and grow.
