Inventory Management: Safety Stock Calculation and Control

Optimize your Supply Chain Safety Stock. Simple to Advanced Methods. Reduce Costs and Risk in your Business Operations

Created by: Laurence Gartside
Management Consultant and Coach

Created by: Rowtons Training
Level-Up Your Business Operations Fundamentals!

What Will I Learn?

• How to Calculate Safety Stock
• Super Simple to Super Detailed Methods
• Inventory Dynamics - how to Control your Inventory Levels over time to make Better Decisions
• Demand and Lead Time Management to Reduce your Need for so much Safety Stock
• Alternative Approaches to holding Safety / Buffer Stock
• Quantify the Probability of you having a Stockout in a given period of time
• Use Statistics to Model your Lead Time Demand
• Determine the Optimum "Service Level" for your Inventory
• Why Bond cant eat Lobster.....

Requirements

• High School Maths (Age 17 ish)
• Basic Microsoft Excel
• A desire to save a ton of money through your robust inventory management!
• High tolerance for dubious humour

Target audience

• Supply Chain Managers. Working in Operations, Manufacturing or Service sectors, Production and Industry
• Purchasing / Procurement, Logistics & Customer Relationship Managers
• Financial Controllers, Accountants, Business Analysts & Consultants
• Small Business Owners & Operations Managers
• Ambitious Self-Starters who want to have a Bigger Impact at work, Improve Things and Get Noticed
• People working in Production, Manufacturing, Industrial Operations, Business Operations
• A Desire to Become the Authority in your workplace on Business Inventory Management