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Can anyone elaborate a difference between minimum stock & safety stock levels?

Purchasing Procurement Purchase Management
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Question added by Muhammad Shahzad Akram , Procurement Manager , Simple Food Company
Date Posted: 2017/09/24
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Himani Channa PMP
by Himani Channa PMP , Procurement Engineer I Project Sales Engineer I Contracts Manager , Industrial General Trading

Minimum level is the level of inventory, below which the stock of materials should not be fall. If the stock goes below minimum level, there is a possibility that the production may be interrupted due to shortage of materials.

Safety stock is the stock that you keep in the safe side for any delays in the deliveries. It is a guard against stock out.

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