Economic Order Quantity and Safety Stock

Jörg Thomas Dickersbach and Michael F. Passon

Chapter 6 in Service Parts Planning with SAP SCM™, 2015, pp 139-154 from Springer

Abstract: Abstract Most of the service parts—especially in the automotive and the engineering industry—have an immediate demand, i.e. the service part has to be available on stock. Since the forecast is always just an estimation of the future demand, it is necessary to compensate the deviations from the real demand (and the irregularities of the supply) by safety stock.

Keywords: Safety Stock; Economic Order Quantity (EOQ); Target Service Level (TSL); Deployment Indicator; Reduce Order Costs (search for similar items in EconPapers)
Date: 2015
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DOI: 10.1007/978-3-662-45433-6_6

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