📦  Safety Stock

Safety Stock#

Extra inventory held to buffer against demand or supply variability.

Important

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What it is#

Safety stock is the buffer inventory held to absorb uncertainty in demand and supply — the cushion that keeps you selling when demand spikes or a shipment is late. It is the difference between a naive “average” reorder level and a robust one.

The formula#

The statistical form sizes it from the service level and demand variability:

\[\text{SS} = Z \times \sigma_D \times \sqrt{L},\]

where \(Z\) is the service-level z-score (1.28 for 90%, 1.65 for 95%, 2.33 for 99%), \(\sigma_D\) is the standard deviation of demand per period, and \(L\) is the lead time.

The trade-off#

More safety stock raises the service level (fewer stockouts) but ties up capital in holding cost — so the service level is chosen by weighing stockout cost against carrying cost, often set higher for critical or perishable items (via ABC / XYZ classing).


Theme: Operations & Supply Chain  ·  All terminology



See also

Source article Adapted (context, re-expressed) in our own words from: Safety Stock (insightful-data-lab.com).

Tags: purpose: reference topic: terminology level: intermediate