Whether you’re new to logistics or a veteran, safety stock is an important concept that many people can be confused about. As a simple explanation, safety stock is an extra amount of stock that is maintained to mitigrate a risk of stockout. That is all well and good, but how is safety stock calculated in order to prevent a stockout? The answer to that is affected by a number of different variables: How predictable is the product in sales? How well is the forecast model fitted? What is the lead time? What is the forecast for the item? What is the confidence level and set service level? That may see like a lot, but all of these factors will affect an item’s safety stock.
If you’re looking for ways to reduce inventory on hand, avoid stockouts, optimize orders, and streamline manual processes, a stock management solution should be a top priority in your 2025 budget
When choosing the right stock management solution, it’s important to focus on more than just its basic features. You need a platform that integrates seamlessly with your existing systems, offers modular features to fit your specific needs, and can grow with you as your business evolves.
AGR is a leading provider of inventory management software, offering a range of tools designed to optimize supply chain processes and enhance business performance. Headquartered in Reykjavík, Iceland, AGR has been empowering companies globally with innovative solutions tailored to their unique needs.
No more manually placing orders each time your stock runs low. With OrderPro, you can set up recurring orders for specific suppliers or internal locations on the days that work best for you. Whether it’s store replenishment or supplier orders, you choose the location, the items, and the schedule, and OrderPro takes care of the rest.
PlanPro offers powerful features for sales forecasting, promotional planning, and connecting item histories—all designed to help you manage your inventory with greater precision and control.
InsightsPro by AGR is a must-have tool for businesses looking to make data-driven decisions that enhance inventory efficiency. Whether you’re trying to optimize stock turnover, reduce overstock, or improve forecast accuracy, InsightsPro gives you the transparency and control you need to manage your inventory with precision.
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AGR Inventory
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