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National University of Singapore -------------------------------------------------------------------------------- BH2006: Operation management Literature review Topic Safety stock and issues involved: optimize safety stock in supply chains and improve materials requirements planning performance Tutor A/P Ye Hengqing Student Name Le Thi Thu Huong Matric No. U024379U Group F6 March 10, 2004 Table of content Introduction 2 Categorization 2 1. Methods of studying 3 2. Safety stock and related issues 3 3. Objectives 4 Discussion 5 1. Relation between safety stock and lot-sizing and lead time 5 2. Optimizing safety stock 6 3. Eastman Kodak case 7 4. Managing safety stock 9 5. The importance of safety stock on MRP performance measures 10 6. Evaluating safety stock methods in MRP system 11 7. Remained and unsolved problems 11 8. Comments on these research papers 12 Conclusion 13 Reference: 14 Introduction "Safety stock", as the name suggests, is one of the most important instruments that help manager to be "safe". In fact, managers are facing increasing pressure to minimize inventory costs, yet provide excellent customer service However, it is not easy to determine how much or how many stocks are considered being "safe", when and where it should be held.. Moreover, safety stock involves in many stages and areas of production, especially multi-stage production,...

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