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A goal of any supply chain manager is to reduce the level of safety inventory required regardless of the effect on product availability.
Supply Chain Manager
A professional responsible for overseeing and managing a company's supply chain and logistics strategy and operations.
Safety Inventory
Extra inventory held by a company to prevent stockouts caused by uncertainties in demand or supply, ensuring product availability.
Product Availability
The extent to which a product can be purchased or obtained when desired by a customer.
- Acknowledge the essence of maintaining product availability and its influence on improving customer happiness and the financial success of the organization.
- Identify the factors influencing the appropriate level of safety inventory and understand the trade-offs involved.
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Learning Objectives
- Acknowledge the essence of maintaining product availability and its influence on improving customer happiness and the financial success of the organization.
- Identify the factors influencing the appropriate level of safety inventory and understand the trade-offs involved.
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