Overview
Product wheels balance the costs of transitions between products (typically dependent on the order of the products) and the cost of carrying inventory. Phenix provides algorithms that guide the user to setting up product wheels that minimize these costs by:
Finding sequences of products that minimize transition costs
Putting products into families that require minimum transition costs between family members
Assigning family members to production facilities that keep transition costs low while recognizing capacity constraints
Calculating the cost of cycle stock inventory based on how often and how much product is made. (The cost of carrying safety stock also adds to the annual inventory cost calculation.)
Assigning run lengths and run frequencies that balance the costs of transitions with the costs of holding inventory
Calculating the safety stock required to maintain target customer service levels.
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This product wheel description assumes that |
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“Wheel Setup”
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most master data has been created in Phenix. To learn about creating the various pieces of master data in Phenix, please see the Master Data section. |
Wheel Setup
Click on General > Wheels in the left-side menu to go to the Wheel Setup page. You will see alerts for how many Lines in the Organization do and do not have an Active Wheel, entries for all current Wheel Sessions in the Organization, and a summary of all past, current, and future Wheel Activations.
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Starting a new session will get a prompt to “name” the session’s work:
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