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Science

Supply Chain Glossary

Safety Stock

    Safety Stock


    Safety Stock:Safety stock is a term used in inventory management that refers to a buffer of extra inventory that is kept on hand in order to avoid stock-outs. Stock-outs can be very costly for businesses, as they can lead to lost sales and unhappy customers. By keeping safety stock on hand, businesses can ensure that they always have the products their customers need, even if there is an unexpected spike in demand.

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    "After an evaluation process and successful proof-of-concept in 2016, we have chosen to partner with Complexica to upgrade the technological capability of our in-field sales force. The next-generation Customer Opportunity Profiler provided by Complexica will serve as a key tool for sales staff to optimise their daily activities, personalise conversations and interactions with customers, and analyse data to generate actionable insights."

    Stephen Mooney
    Group Sales Capability Manager, DuluxGroup
    $1.7 billion in revenue
    Dulux Group uses Complexica's Customer Opportunity Profiler

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