Quantity of inventory that helps protect against lost sales caused by unfulfilled demands from customers or delays in shipments from suppliers is called Safety stock.
Items and materials that a business holds in hand with the intention of reselling, manufacturing, or using them are called inventory. The primary goal of inventory management is to determine where and how products are stored.
It is necessary to go beyond the routine production and storage of materials, on a schedule, at different locations within a facility or across a supply network. Inventories in the context of a manufacturing system refer to all work performed on raw materials, partially finished goods, unsold finished goods, and finished goods that have left the production system. .
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