Safety Net or Money Pit? Finding Your Safety Stock Sweet Spot

Are your shelves carrying too much "just in case" inventory? In this final installment of our three-part series, Brian Bartel, Suzi Collins, and Justin Poulin dive deep into the critical balance of keeping enough buffer stock without tying up valuable cash flow. From finding your safety stock sweet spot to determining the right safety stock for high-dollar vs. high-volume items, you'll discover practical strategies for right-sizing your inventory. Whether you're dealing with critical patient care items or everyday supplies, this episode offers valuable insights on adapting safety stock to your facility's unique needs. Join us as we wrap up this essential series and put the final piece of the inventory management puzzle in place! Formula: Safety Stock = (Max Daily Usage x Max Lead Time) – (Average Daily Usage x Average Lead Time) Thank you for joining us for this 3-part series! Missed Parts 1 & 2? Catch up on our Reorder Point and Reorder Quantity discussions here: https://youtube.com/playlist?list=PLu-lsrFpnsLn3J-s_RGNF_VtH6kscKtr_&si=drgJyNMLRR1VJNHy Want to stock up on more supply chain insights? Connect with Power Supply on LinkedIn: https://www.linkedin.com/company/powersupplymedia #PowerSupply #SupplyChain #HealthcareSupplyChain #SafetyStock #InventoryManagement