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.
A Journey Through Safety Stocks, Part 3
This blog continues the discussion of Jane's safety stock journey, where we'll cover an option when you're unsatisfied with your results.
A Journey Through Safety Stocks, Part 2
This blog discusses the importance of adjusting and refining safety stock approaches to balance inventory.
What Do Thanksgiving and the Supply Chain Have in Common?
From demand and safety stock to production capacity and sustainability, what do the supply chain and Thanksgiving have in common?
A Journey Through Safety Stocks, Part 1
Inventory planners have a difficult task balancing customer demand with inventory levels. This blog is the first in a series discussing safety stock.
5 Questions About Safety Stock Calculations
There are various approaches to safety stock calculations. This blog previews a free webinar that sheds light on the pros and cons of each.
3 Must-have Inventory Planning Software Features
Every supply chain planner’s goal is to provide the highest degree of customer service while reducing inventory in the supply chain network. High customer service translates to more business for the organization, and low inventory costs mean increased working capital. Supply chain planners may struggle to balance both, but good inventory planning software would help
How to Choose the Right Demand Variance Method to Calculate Safety Stock
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.
The Relationship Between Forecast Accuracy and Safety Stocks
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.
Using Coefficient of Variation to Drive Safety Stock Related Decisions
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.