I made short presentation about what is logistics and how does it affect on your business and it’s finances.
Now that we have decided our order quantity and safety stock we can figure out when to reorder. Inventory can be supplemented in many ways. For example:
We have now solved the optimal order quantity. When is this order supposed to do? Can we end up in the situation that we have to sell zero stock? In this post we will figure out what is safety stock and why you should have it.
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