Definitions for "Safety Stock"
The inventory a company holds beyond normal needs as a buffer against delays in receipt of orders or changes in customer buying patterns.
The stock held to protect against the differences between forecast and actual consumption, and between expected and actual delivery times of procurement orders, to protect against stockouts during the replenishment cycle. In calculating safety stock, account is taken of such factors as service level, expected fluctuations of demand and likely variations in lead time.
The amount of stock (number of months' supply) below the minimum level which serves as a cushion or buffer against major fluctuations in contraceptive demands or unexpected shipment delays.
Selective retention Simple Random Sampling
A short-term supply of medical and surgical items kept on hand for emergencies.