Safety Stock Masterclass

Understand the safety stock calculation and how it impacts your service level target.

What is the function of safety stock? How do you calculate the optimal level of safety stock? What are the environmental factors to consider and who is responsible for the height of this inventory? 

These are just some of the topics that are addressed during this masterclass.

Program

The training will take place over 1 day. Coffee, tea, soft drinks, and lunch are provided.

Format of the day

  • The impact of volatility in demand
  • Determining & calculating the coefficient of variation
  • Calculating the impact of volatility in supply
  • Determining & calculating service levels
  • Variations of the safety stock formula

Level

This masterclass is designed for purchasing, logistics, and supply chain managers who are responsible for making tactical safety stock decisions. The masterclass is at an HBO level. To complete this programme, a working knowledge of statistics is required.

Cost

The cost will be £550 excl. VAT per person including teaching materials, coffee/tea and lunch.

Location

Midlands

2020 dates

January 8th 2020

October 14th 2020

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Slimstock UK

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