طرق وعمليات المخزون APSC 211 2023-2024 PDF

‫طرق ومعليات اخملزون‬ ‫‪APSC 211‬‬ ‫‪2nd Term‬‬ ‫‪2023 – 2024‬‬ Safety Stock Definition Safety stock refers to the additional inventory maintained by a company or organization to protect against unexpected fluctuations in demand or supply. 1. Prevention of stockouts Safety stock ensures that there i...

‫طرق ومعليات اخملزون‬ ‫‪APSC 211‬‬ ‫‪2nd Term‬‬ ‫‪2023 – 2024‬‬ Safety Stock Definition Safety stock refers to the additional inventory maintained by a company or organization to protect against unexpected fluctuations in demand or supply. 1. Prevention of stockouts Safety stock ensures that there is enough inventory on hand to meet customer demands, reducing the risk of stockouts and lost sales. Benefits of Safety stock 2. Improved customer satisfaction By having safety stock in place, organizations can fulfill customer orders on time, enhancing customer satisfaction and loyalty. 3. Flexibility in supply chain management Safety stock provides a cushion for unexpected events or changes in demand, allowing organizations to adapt quickly without disruptions to their supply chain. 4. Buffer against supply chain disruptions Safety stock acts as a buffer against disruptions in the supply chain, such as delays in deliveries or production interruptions. Benefits of Safety stock 5. Reduction of lead times With safety stock, organizations can fulfill orders promptly without waiting for replenishment from suppliers, reducing lead times and improving order fulfillment efficiency. 6. Cost savings While safety stock involves holding extra inventory, it can result in cost savings by reducing the need for expedited shipments, minimizing production delays, and avoiding lost sales due to stockouts. 1. Demand variability Higher demand variability increases the need for safety stock as it provides a buffer against unexpected fluctuations in customer demand. Factors affecting safety stock 2. Lead time variability Longer or more variable lead times require higher levels of safety stock to compensate for potential delays in replenishing inventory. 3. Supplier reliability If a supplier has a history of late deliveries or unreliable performance, organizations may need to maintain higher levels of safety stock to mitigate the risk of stockouts. 4. Seasonality During peak seasons or periods of high demand, organizations may need to increase safety stock levels to meet customer demands. Factors effecting safety stock 5. Forecast accuracy If forecasts are less accurate, organizations may need to hold higher levels of safety stock to account for potential forecast errors. 6. Cost of stockouts The potential cost of stockouts, including lost sales, dissatisfied customers, and damage to reputation, can influence the decision to hold higher levels of safety stock. Factors effecting safety stock 7. Production constraints If there are limitations or bottlenecks in the production process, organizations may need to maintain higher levels of safety stock to ensure continuous production. 8. Supply chain disruptions The risk of supply chain disruptions, such as natural disasters or political instability, may necessitate higher levels of safety stock to mitigate the impact of these disruptions.