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Best Practices for Calculating Safety Stock and Service Levels
Date: Thursday, February 22, 2018
Sponsored by Lorman Education Services
Understand the power of safety stock and how to calculate it.
How do you know when there is enough inventory to meet demand? When is the right time to buy? How much should be purchased?
Holding too much inventory consumes cash, space and may lead to shrinkage and obsolescence, while holding too little leads to back orders, production delays, expedited shipping and unhappy customers.
In this topic we will explore inventory and purchasing concepts, how to use data to glean insight about your products and how to establish a 'systematic approach' to purchasing.
This Live Webinar Covers These Hot Issues:
Inventory - Review
Inventory Usage Patterns
The Trade-off: Inventory on Hand vs. Service Level
A Systematic Approach Using Reorder Points
Credit Information (Sponsored by Lorman Education Services):
For Detailed Credit Information page click here
Ian Benoliel, NumberCruncher.com, Inc.
(Not available outside the US)