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How to Calculate Safety Stock and avoid high cost of Inventory

scbeditor — Wed, 26 Feb 2020 08:13:00 +0000

In order to avoid the high costs of stock shortages and stock-outs, the following video explains how to calculate safety stock. The video shows inventory refilling times, daily consumption, safety stock thresholds and levels, and your company’s own time on the market in terms of delivery.

A graph is presented that shows clearly what the reorder point should be and what should be the amount of safety stock.

A working example is given when a company monitors a variety of inventory refilling times, its own daily consumption levels, the amount of safety stock that it has to protect during those consumption periods, and eventually, your company’s distribution times for finished goods to your consumer base.

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What is Multi-Echelon Inventory Optimization and How to use it

scbeditor — Thu, 26 Sep 2019 04:56:00 +0000

Multi-echelon takes a bird’s eye view of the entire supply chain and considers the entire network as a single unit. Additional inventory reductions of 15 to 20 per cent can be achieved through strategic allocation of inventories across the network.

This innovative concept not only creates network-wide transparency, but also helps to ensure customer satisfaction by maintaining high availability while at the same time minimizing inventory levels.

Here is a video from Inform Software explaining in detail what is Multi-Echelon Inventory Optimization.

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How Amazon Receives Your Inventory

scbeditor — Sat, 03 Jun 2017 13:45:07 +0000

Take a tour of an Amazon fulfillment center and see how our Associates receive your inventory from your inbound shipments. You will also learn what happens when your shipments are missing vital prep, labels or packaging or are otherwise not e-Commerce ready.

The post How Amazon Receives Your Inventory appeared first on World's Largest Community of Supply Chain Professionals | Global Leader in Supply Chain News | Top rated Supply Chain Forum in USA.