Abstract: In order to ensure a high service level industrial enterprises have to maintain safety-stock that directly influences the economic efficiency at the same time. This paper analyses established mathematical methods to calculate safety-stock. Therefore, the performance measured in stock and service level is appraised and the limits of several methods are depicted. Afterwards, a new dynamic approach is presented to gain an extensive method to calculate safety-stock that also takes the knowledge of future volatility into account.
Abstract: Guaranteeing the availability of the required parts at
the scheduled time represents a key logistical challenge. This is
especially important when several parts are required together. This
article describes a tool that supports the positioning in the area of
conflict between low stock costs and a high service level for a
consumer.