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Safety Stock Quantities

The data model includes views for setting optimal safety stock levels, comparing actual inventory against ideal safety stock quantities, analyzing safety stock utilization, tracking safety stock trends, and allocating safety stock amounts across product categories. These views enable proactive inventory management strategies to mitigate supply chain risks effectively based on lead time demand, safety stock levels, and reorder points.

Benefits of This Data Model​

  • Optimal Inventory Management: The data model allows for setting optimal safety stock levels, enhancing inventory management strategies.
  • Proactive Planning: By comparing actual inventory levels with ideal safety stock quantities, proactive planning is facilitated to avoid stockouts.
  • Efficient Risk Management: Analyzing safety stock utilization aids in effectively managing supply chain risks, ensuring optimal inventory levels.
  • Trend Tracking: The model tracks historical and forecasted trends of safety stock quantities, enabling adjustments in inventory strategies based on demand fluctuations.
  • Balanced Risk Mitigation: Distribution of safety stock amounts across various product categories ensures a balanced approach to risk mitigation in the supply chain.

Key Performance Indicators (KPIs)​

  • Safety Stock Level: The quantity of stock that is held as a buffer to mitigate the risk of running out of inventory due to uncertainties in demand or supply.
  • Reorder Point: The inventory level at which a new order should be placed to replenish stock, taking into account lead time and safety stock.
  • Lead Time Demand: The total quantity of stock that is expected to be demanded during the lead time between placing an order and receiving it.

Available Visualizations​

View NameDescription
Set Safety Stock QuantitiesAllows setting of optimal safety stock levels for inventory management strategies.
Current Stock vs. Safety StockCompares actual inventory levels against ideal safety stock quantities for proactive planning.
Safety Stock UtilizationAnalyzes how effectively safety stock levels are utilized in managing supply chain risks.
Safety Stock TrendsTracks historical and forecasted trends of safety stock quantities to adjust inventory strategies.
Safety Stock AllocationDistributes safety stock amounts across different product categories for balanced risk mitigation.