Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

How to calculate minimum safety stock and maximum stock of any store item?

user-image
Question added by Mamdouh Manie , Executive HRC local sales manager , Ezzsteel
Date Posted: 2013/11/14
Mamdouh Manie
by Mamdouh Manie , Executive HRC local sales manager , Ezzsteel

A) for the spare parts

 

You need to getr cosnumption history for the itemas in order to knowtheir monthly consumption

for items that have a fast moving trend , you need to cover the time between their order and their receipt

{ the lead time) 

 

B) for items that are strategic and can affect the operation and they are  off shelf , you have to have your minimum qty regaredless their consumption

 

C) for the raw materials, packaging , fuel etc. you have to build it according to the annual/ monthly  production budget

 

More Questions Like This

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.