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
 
Procurement Manager Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Procurement Director Bay Area, CA
     
     Bay Area, CA  -  PERM  -  Teldar Group

Sourcing Manager North Carolina
     
     North Carolina  -  PERM  -  Teldar Group

Senior Buyer San Francisco, CA
     
     San Francisco, CA  -  PERM  -  Teldar Group

Sourcing Manager Travel FL or TX
     
     FL or TX  -  PERM  -  Teldar Group

Supply Chain Manager Chicago, IL
     
     Chicago, IL  -  PERM  -  Teldar Group

Senior Sourcing Manager FL or TX
     
     FL or TX  -  PERM  -  Teldar Group

Sourcing Manager Fl or Tx
     
     Fl or Tx  -  PERM  -  Teldar Group

Facilities Procurement Manager San Mateo, CA
     
     San Mateo, CA  -  PERM  -  Teldar Group

IT Procurement Manager San Mateo, CA
     
     San Mateo, CA  -  PERM  -  Teldar Group

Senior Procurement Manager San Mateo, CA
     
     San Mateo, CA  -  PERM  -  Teldar Group

Sourcing Manager Nebraska
     
     Nebraska  -  PERM  -  Teldar Group

Senior Sourcing Analyst Metals North Carolina
     
     North Carolina  -  PERM  -  Teldar Group

Procurement Services Supervisor Sacramento, CA
     
     Sacramento, CA  -  PERM  -  Teldar Group

Global Category Leader Chicago, IL
     
     Chicago, IL  -  PERM  -  Teldar Group

 

Supply chain E-learning



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



News & Trends
 

Last update 10 Nov 2022
Manufacturing output continues to rise, but weak demand conditions dampen growth
   Source: S&P Global US Manufacturing PMI   -  IHS Markit
United States 


Retail

The retail sector is always on the move. Whether this involves shopping centres, shops in inner city locations or at airports – trends change very quickly and the goods change just as rapidly too. To keep up with these developments, highly complex and process driven supply chains are needed. With our...


Education
 

Resources
 
HOYER: Future-Proofs System for Managing Intermodal Rail, Road, and Sea Transport to Meet High Growth Potential

HOYER is an independent family enterprise that dates back to 1946, and which has become one of the world’s leading bulk-logistics providers, offering comprehensive transport services and complex logistics soluti...

Supply & Demand Chain Executive Special Issue

Take a look at this special issue of Supply & Demand Chain Executive magazine, all about the Virtual Enterprise and its enabler, the business network. As Dr. Marcell Vollmer, COO of Ariba, says,“Business is no ...