How to Calculate Safety Stock Using Standard Deviation
10 Jul 2024One of the core principles in business management is acknowledging how important your inventory is to keep your company strong and successful. A well-stocked and smoothly running inventory increases customer satisfaction, business growth, and revenue. A high inventory level can be significantly beneficial for your business. On the other hand, running out of stock is bad for your business and, most importantly, for your customers. Wrong inventory planning can lead to missed sales opportunities and a damaged reputation. Businesses have a vital ally in the form of safety stock to avoid these unwanted situations.
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