oboloo

oboloo Glossary

Safety Stock Formula Supply Chain

oboloo Glossary

Safety Stock Formula Supply Chain

“Safety Stock Formula Supply Chain helps businesses strategically maintain a minimum level of stock inventory in order to reduce potential risks associated with stock-outs and unexpected product demand. This safety stock provides a buffer which mitigates against undesired fluctuations in the supply chain, ensuring that products are available when customers need them. Ultimately, Safety Stock Formula Supply Chain optimizes order parameters, preventing costly delays or over-stock situations, allowing businesses to achieve their desired service levels.”

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971