What question did this study set out to answer?

The study aims to present a supply chain model utilizing statistical techniques for better decision-making in inventory management.

February 23, 2026Open Access

A Simple Supply Chain Model Using Statistical Techniques with Solved Examples

Key Points

The study aims to present a supply chain model utilizing statistical techniques for better decision-making in inventory management.
Developed a supply chain model utilizing basic statistical techniques
Included demand forecasting, safety stock, and reorder point calculations
Provided solved numerical examples for clarity
Statistical techniques improve decision-making in inventory control
Demand forecasting influences inventory levels
Appropriate safety stock reduces shortages

Abstract

Efficient supply chain management is essential for reducing costs, avoiding shortages, and satisfyingcustomer demand. This research paper presents a simple supply chain model using basic statistical techniquessuch as demand forecasting, mean, standard deviation, safety stock, and reorder point. The paper is written insimple language and includes solved numerical examples so that undergraduate students and beginners caneasily understand the concepts. The study shows how statistics helps decision-making in inventory control andsupply chain planning.

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