Question: Safety stock is kept as a buffer between supply and demand. This assignment requires you to identify an item of inventory which is kept by
Safety stock is kept as a buffer between supply and demand. This assignment requires you to identify an item of inventory which is kept by your business or alternatively research one.
1. You will need to identify the type of inventory that this item is categorised as. You will need to ascertain whether there is a safety stock level for this item. A) Provide an explanation for how safety stock is calculated and whether you believe that the safety stock level for the item is accurate. Is it just right, too little or too much?
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
