Inventory planning - Safety stock (Part 1: Safety stock basics)

Inventory planning using safety stock: Safety stock basics, safety stock advanced concepts, safety stock formula, safety stock with standard deviation of demand, safety stock with standard deviation of forecast error, safety stock applications, issues with safety stock method, short comings of safety stock method using normal distribution, safety stock method with non normal distribution, modification of safety stock method, and other proposed solutions of using safety stock method under different industrial settings are the topics of these video series. This is video 1 which gives overview of the traditional safety stock method.