Over time, demand for your stock to service demand vary

Inventory Safety Stock

Supply and demand may be simple to understand, it is anything but simple to manage.

 

Over time, demand for your stock to service demand vary, making inventory management uncertain and leading to poor customer service, high distribution costs, slow deliveries, high stock levels, high inventory carrying costs, often all at the same time.

Inventory Safety Stock Consultants
Inventory Safety Stock Consultants

Why do I need Safety Stock?


Modern business is based on one very simple premise: supply and demand. Unfortunately, while it may be simple to understand, it is anything but simple to manage.


Over time, demand for your stock and your ability to service that demand both vary, making forecasting uncertain and leading to poor customer service, high distribution costs, slow deliveries, high stock levels, high inventory carrying costs and high back orders, often all at the same time.


In order to resolve these costly issues, you need some stock on hand and safety stock to reduce inventory shortages (stock-outs and back orders).


The trick is to figure out exactly what stock to store and how much of it, then to refine your safety stock calculation processes.


Safety Stock Review


At Supply Today, we have the hands-on experience with safety stock management and safety stock calculation when we to look at your inventory.


We understand all the elements at work in your inventory, and we review the complete process, not just the individual activities.


We review:


  • your current safety stock
  • service level review
  • cost review
  • modeling of your safety stock
  • statistical service level safety stock recommendation
  • Inventory projection

Supply Today can optimise your safety stock levels to give you improved customer service, reduced inventory, raised productivity, reduced cost and reduced response time to market changes.