Safety Stock Inventory Calculation
Safety stock inventory, sometimes called buffer stock, is the level of extra stock that is maintained to mitigate the risk of run-out for raw materials or finished goods due to uncertainties in supply or demand.
Reasons why you should carry safety stock:
1. Protect against unforseen variation in supply
2. Compensate for forecast inaccuracies.
3. Prevent disruptions in manufacturing or deliveries
4. Avoid stock-outs to keep customer service and satisfaction levels high.
Use this simple calculator on the left to discover how much safety stock you should be carrying.
The information which you calculate from the Safety Stock Calculator is intended for use by you as a guide only, and has no legal effects.
Calculate your Overall equipment effectiveness, also known as OEE
Swift Metal’s OEE calculator helps you estimate your Overall Equipment Effectiveness and calculate OEE components.
OEE takes into account all losses, resulting in a measure of truly productive manufacturing time.
OEE scores provide a very valuable insight – an accurate picture of how effectively your manufacturing process is running. And, it makes it easy to track improvements in that process over time.
OEE is calculated by multiplying the three OEE factors: Availability, Performance, and Quality.
The information which you calculate from the OEE Calculator is intended for use by you as a guide only, and has no legal effects.
How is Your Supply Chain Performing?
Better understand your results by using the metrics below.
Your supply chain is high risk. Your internal operations could be severely disrupted. You need to look at ways you can improve this. Are you buying as well as you could be? Could you look at outsourcing some, or all of your production?
Your supply chain is hanging by a thread! Any disuptions will cause your entire supply chain to fall apart and your production will be badly impacted. What is the weakest link in your process, what can you do to improve it?
Your supply chain will do, but there is always room for improvement! Which part of your processes needs the most improvement? Take a step at a time, improve your buying power, try outsourcing the most complex part of your component.
Your supply chain is performing excellent, what works well for you? What isn’t working so well? Is there something you could be doing better? try documenting your producton process and identify opportunities for improvment .
Your supply chain is an example to other companies. What can you share? Are there any opportunities in your processes for innovation?
The information which you calculate from the Supply Chain Calculator is intended for use by you as a guide only, and has no legal effects.