A company that maintains a sufficient safety margin by having extra inventory against certain situations is termed as:  A. Inventory  B. Lot size  C. Safety stock  D. Lead

What is a ‘Safety Stock Inventory’?It is the extra inventory being ordered beyond expected demand It is ordering less than the demanded number

Safety stock is inventory held to guard against uncertaintyGroup startsTrue or False

The “right” amount of safety stock is often a function of Service Level.  Service Level is:Multiple ChoiceThe probability of making the right productThe probability of delayThe probability of meeting demand during a delayThe probability of delay causing more demand

The stock of goods that is required from one supply replenishment to the next. The stock of goods that is in transit between locations. Stocks of goods above and beyond pipeline inventory that are used to cover projected trends of increasing demands. A quantity of inventory kept on hand to protect against fluctuations in demand or supply. An inventory accuracy audit technique where different classes of inventory are counted on different time intervals. Stocks of goods, beyond safety stock, to buffer against unknown future events that may or may not happen.1. Hedge Inventory2. Anticipation Inventory3. Cycle Counting4. Safety Stock5. Pipeline Inventory6. Cycle Inventory

The traditional approach to inventory management to ensure sufficient quantity on hand to maintain production is known as: