Safety Stock

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August 31, 2024 4 min read Definitions

Safety Stock: A Buffer Against Uncertainty

Inventory Management Logistics Safety Stock Inventory Control Supply Chain Management Stockouts Prevention Demand Variability

Safety Stock, or extra inventory, is maintained to prevent stockouts caused by demand variability and supply chain uncertainties.

August 25, 2024 4 min read Definitions

Order-Point System: Automated Inventory Reordering

Inventory Management Supply Chain Inventory Stock Replenishment Order Point Stockouts Safety Stock

A comprehensive analysis of the Order-Point System, an inventory management technique used to automatically reorder stock when inventory levels drop to a predetermined point.