Skin ADV

Supply Chain Glossary

Glossary  >  S  >  Stock, Buffer  


 

Stock, Buffer


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

Also known as safety stock, buffer stock represents a contingency against variation in demand and/or supply.  As an example, if a buyer is importing spare parts from overseas and the lead time varies between four and eight weeks, it would not be prudent to set stock levels based on holding a maximum of six weeks stock (being the average lead time).  Factors influencing the quantity of buffer stock typically include the variability of demand, the lead-time, the desired service level to the customer and the organisation’s risk tolerance.  For example, if the organisation set a target service level of 98%, the average lead time was 42 days and monthly demand varied between 20 and 25 units, then the buffer stock would be about 14 units, or about two weeks stock.  See also Stock.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Job Opportunities
 
Supply Planning Analyst
     
     El Segundo  -  PERM  -  Michael Page

Warehouse, Shipping, Receiving
     
     Princeton  -  TEMP  -  Michael Page

Senior Director, Global Procurement (Remote - East Coast)
     
     Raleigh  -  PERM  -  Michael Page

Physical Distribution Manager, Philips Healthcare, (Lockbourne , OH.)
     
     Lockbourne, Ohio  -  PERM  -  Philips

Master Scheduler
     
     Whittier  -  PERM  -  Michael Page

Inventory Specialist
     
     Carol Stream  -  PERM  -  Michael Page

Senior Manager / Director of Procurement & Sourcing
     
     Los Angeles  -  PERM  -  Michael Page

Senior Planning and Inventory Management Specialist
     
     California - Santa Clara  -  PERM  -  Roche

Process Lead (Second Shift)
     
     Arizona - Tucson  -  PERM  -  Roche

Demand Planner
     
     Pasadena  -  PERM  -  Michael Page

Purchasing Coordinator
     
     Queens  -  PERM  -  Michael Page

Materials Manager
     
     Milwaukee  -  PERM  -  Michael Page

Sr Material Handler (Oligonucleotide Synthesis)
     
     New Jersey - Branchburg  -  PERM  -  Roche

Lead Production Technician (M-W, 6pm-7am)
     
     New Jersey - Branchburg  -  PERM  -  Roche

Senior S&OP Analyst - Demand Planning
     
     Des Plaines  -  PERM  -  Michael Page

 

Supply chain E-learning



Explore available supply chain e-learning modules by language and academy



News & Trends
 

Last update 6 Apr 2021
March PMI at second-highest on record amid marked new order growth and supply chain disruptions
   Source: Markit US Manufacturing PMI   -  IHS Markit
United States 


Fashion

Today’s omni-channel marketplace means competition is increasing, consumers are demanding more relevant products, inventory lifecycles are shorter and fulfillment is incredibly complex. Business conditions are constantly changing, which means you need the flexibility to adapt quickly and continu...

Four keys to establishing intelligent supply chain control

For supply chain professionals in your organization to receive the flexibility and agility they need to increase speed, drive down costs, and satisfy customers, there are four critical components your company must pos...


Education
 
11
May
2021
Sales and Operations Planning
    
25
May
2021
Supplier Cost Analysis and Financial Analysis
    
 8 
Jun
2021
Warehousing and Inventory Management
    
23
Jun
2021
Contracting: Beyond the Basics
    
21
Jul
2021
Developing Excellence in Strategic Risk Management and Procurement
    

Local & Regional Agenda
 


Resources
 
Erema: Gaining a competitive edge through preferential exports

Erema, an Austrian manufacturer of recycling systems, uses AEB software to accelerate the proper classification of its components, manage supplier’s declarations, and ensure compliance in its exports. Erema ship...

EU businesses say goodbye to UK suppliers as Brexit bites into key relationships

Nearly two-thirds (63%) of EU businesses expect to move their supply chain out of the UK Two-fifths (40%) of UK businesses are looking to replace their EU suppliers 25% of large UK businesses* have spe...


International Agenda