Safety Stock Strategies for Supply Chain Resilience

Assessing Safety Stock inventory levels is one of the most critical parts of any company’s operation, especially in today’s environment of fluctuating tariffs and international trade. If you have too much inventory, you’ll tie up your working capital and wreak havoc on your cash flow. If your inventory is too low, you’ll have shortfalls in raw materials or finished goods that threaten timely delivery and hamper your ability to serve your customers adequately. In this lively discussion, Don Lindsey explores the concepts behind safety stock, how they mesh with QAD’s planning and execution processes, and strategies for using them to ensure resilience and agility. He covers:

  • Demand Recognition
  • Service Level Impacts
  • Lead Time Variability
  • Utilization of Inventory Transactions
  • Setting Viable Levels of Safety Stock Inventory
  • a demo of our Safety Stock Calculator Data Loader that enables you to conquer this crucial aspect of the supply chain

 

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Questions from the webinar

Are there situations where even highly accurate forecasts might not significantly reduce the need for safety stock?