Inventory Manager Question: Download Questions PDF
Please explain are You Able To Break Down Your Operating Inventory Into The Three Major Categories When Reporting Levels-safety, Replenishment And Excess Or Obsolete Stock?
Answer:
This breakdown makes it easier to make sound decisions about appropriate levels for each of these three areas. It helps determine the minimum safety stock needed to provide an insurance policy against supply chain problems either from manufacturing glitches or distribution uncertainties so that customers get what they ordered.
It's useful for pinpointing the amount of inventory required to replenish deliveries every two weeks. And it helps companies find ways to avoid a backlog of excess or obsolete inventory.
It's useful for pinpointing the amount of inventory required to replenish deliveries every two weeks. And it helps companies find ways to avoid a backlog of excess or obsolete inventory.
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