Modern commerce is based on one very simple premise: supply and demand. Unfortunately, while it may be simple to understand, it is anything but simple to manage.
Over time, demand for your stock and your ability to service that demand both vary, making forecasting uncertain and leading to poor customer service, high distribution costs, slow deliveries, high stock levels, high inventory carrying costs and high back orders, often all at the same time.
In order to resolve these costly issues, you need some stock on hand – safety stock – to reduce inventory shortages (stock-outs). The trick is to figure out exactly what stock to store and how much of it, then to refine your safety stock calculation processes.
At Supply Today, we have the hands-on experience with safety stock management and safety stock calculation to do exactly that. We understand all the elements at work in your inventory, and we see the complete process, not just the individual activities.
Supply Today can optimise your safety stock levels to give you improved customer service, reduced inventory, raised productivity, reduced cost and reduced response time to market changes.