What is Safety Stock? Safety stock or buffer stock is the additional quantity of an item above the desired quantity that is held in the on-hand inventory. Such extra inventory is held with the sole purpose of avoiding the risk of running out of stock. Safety stock serves as an insurance or a cushion for manufacturers
D365 SCM
What is Safety Stock?
- Published: October 10, 2020
What is ABC Analysis?
- Published: September 21, 2020
What is ABC Analysis? ABC analysis is the process of classifying the inventory into A, B and C classes based on their relative significance to business, either by their monetary value, utilization, carrying cost or any other factor. This allows leaders to allocate the company’s resources to maximize the efficiency. Class A: Very important forConsignment Inventory
- Published: August 29, 2020
Consignment Inventory or Vendor-owned Inventory Consignment inventory is an element of supply chain management in which the vendor inventory is held at the customer warehouse. The customer doesn’t pay for the goods until the goods are consumed, and in most cases, pays only the amount consumed. When receiving the inventory, the physical receipts and on-hand