Download IMT - Supply Chain MGMT - Session 13&14 PDF PDF Free - Full Version
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About IMT - Supply Chain MGMT - Session 13&14 PDF
This document discusses inventory management and safety stock in supply chains. It covers the following key points in 3 sentences: Safety stock is inventory carried to satisfy demand that exceeds forecasts and involves a trade-off between higher availability and costs. The appropriate safety stock level and actions to reduce it while improving availability are important questions. Safety stock is calculated using a formula that considers demand and supply uncertainty, demand variability, lead time, and desired service level. The document then provides an example safety stock calculation for a company shipping phones from China to the US using different transportation methods. It also discusses ways to reduce safety stock levels such as optimizing service levels, reducing lead times and uncertainties, and the benefits of inventory aggregation in decreasing
Detailed Information
| Author: | ['Himanish Bhandari'] |
|---|---|
| Publication Year: | 2018 |
| Pages: | 33 |
| Language: | English |
| Format: | |
| Price: | FREE |
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