Safety stock is a level of inventory that is held to protect against unexpected demand or delays in supply. It is an important part of inventory management, and it can help to prevent stockouts and lost sales. Multi-echelon inventory optimization is the process of determining the optimal level of safety stock to hold at each level of a supply chain. This can be a complex task, as it involves balancing the costs of carrying inventory with the costs of stockouts. There are a number of factors to consider when optimizing multi-echelon safety stock, including: The demand for the product The…
Sriram ParameswaranMay 1, 2023
