General Description of Item Safety Time
1. Item Safety Time is the time it should take at the end of any week to run out of stock.
--- The calculated safety quantity is the sum of the forecast over the safety time period.
2. Safety Time covers unforseen actual sales over forecast and other unforseen events such as :
--- Losing inventory, quality failures , lost in transit , damaged goods , dock strikes , & pilferage.
--- MyGate systems try to carry more safety time on best selling items.
Example of Item Safety Time
1. Here are Calc PO's for an item with a safety time of 1 week.
1. Here are Calc PO's for that same item with a safety time of 2 weeks.