A Journey Through Safety Stocks, Part 4
This blog covers the importance of lead and cycle times when calculating safety stock and other things to consider.
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- December 14th, 2022
This blog covers the importance of lead and cycle times when calculating safety stock and other things to consider.
This blog continues the discussion of Jane's safety stock journey, where we'll cover an option when you're unsatisfied with your results.
This blog discusses the importance of adjusting and refining safety stock approaches to balance inventory.
From demand and safety stock to production capacity and sustainability, what do the supply chain and Thanksgiving have in common?
Inventory planners have a difficult task balancing customer demand with inventory levels. This blog is the first in a series discussing safety stock.
There are various approaches to safety stock calculations. This blog previews a free webinar that sheds light on the pros and cons of each.
Every supply chain planner’s goal is to provide the highest degree of customer service while reducing inventory in the supply...
In today’s blog, we will share some examples to help Inventory Planners explore different methods available to calculate Demand Variance and decide which method is best suited for their products and businesses.
A company’s total inventory consists of many types of stock such as strategic, anticipation, safety, cycle, and unplanned. Cycle stock is most connected to the demand forecast; it is expected to be sold as the forecast becomes real demand. Safety stock on the other hand is extra stock to deal with the variability of the demand or supply. As such, it is not always linked to forecasting accuracy.
In a previous blog post, we discussed how a high or low value of Coefficient of Variation (CV) impacts the first or second term of safety stock. Today we decided to put this to the test using real customer data - here we will discuss our findings.
Do others challenge your safety stock selections? Are you in need of a safety stock process or policy? Want to take the drama out of your safety stocks? Use this collaborative six-step process to demystify your safety stock process and a create buy-in.
How will Big Data change the way we work and approach the world?
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