Calculating Safety Stock Level in QAD—with NEW auto-calculate functionality
One of the most important parts of operations in any company is determining appropriate inventory levels. If you have too much inventory, you’ll tie up your working capital and wreak havoc on your cash flow. If your inventory is too low, you’ll have shortfalls in raw materials or finished goods that threaten timely delivery and hamper your ability to adequately serve your customers.
To reduce the risk of shortfalls, or stockouts, many companies keep an extra level of safety stock to ensure consistent production and the timely delivery of products.
Determining safety stock levels is a complex and ongoing task for inventory managers since so many rapidly changing variables need to be considered. Forecast changes or inaccuracies, fluctuations in customer demand, lead time variables for raw materials, as well as your company’s cash flow situation all contribute to maintaining appropriate safety stock levels.
32 Soft’s Safety Stock Calculator helps you to tame the Safety Stock Beast and gives you the power to conquer this crucial piece of the supply chain. Using real-time QAD data, this tool makes it easy to monitor, review, analyze and manage your safety stock levels.
NEW functionality available for this Data Loader — you can auto-calculate your safety stock levels!
Once you have your safety stock calculation to the point where you agree with all the new calculated levels of safety stock in the Data Loader template, (e.g. no manual changes are required), this entire process can be fully automated on a regular basis—whatever frequency is relevant for you business. This process will run on autopilot, updating the safety stock levels in the background and providing you with the audit report for your records showing what was changed.
You can request a complimentary trial of this software or get more information at the top of this page.
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