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

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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

 

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