Safety Stock & Reorder Point from MAD and Service Level
This lesson is part of the course
In this lesson
You turn a MAD into a standard deviation, pick the safety factor for a 95 % service level, and size the safety stock and the reorder point for a housing.
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Lessons in this course
- Forecast Error: MAD, MAPE, Bias & the Tracking Signal Locked
- EOQ, Total Annual Cost & the Quantity Discount Locked
- Safety Stock & Reorder Point from MAD and Service Level Locked
- MRP Explosion: Gross to Net, Lot-for-Lot & Lead-Time Offset Locked
- Master Production Schedule & Available-to-Promise Locked
- Capacity Requirements Planning: Load vs Rated Capacity Locked
- Inventory Turns, Days of Supply & Weeks of Supply Locked
- ABC Classification & Cycle Counting Frequency Locked