SafetyStocker app for iPhone and iPad

4.7 ( 8727 ratings )

Business Education
Developer: Timestar Services, LLC

1.99 USD

Current version: 1.0, last update: 8 years ago
First release : 09 Dec 2009
App size: 135.48 Kb

Safety Stocker is a quick and easy Safety Stock Calculator.

Need to figure out the inventory needed to stay in stock? Still haven’t memorized those Z values? Misplaced your Inverse Normal tables?

Safety Stocker calculates the safety stock you need and expect based on: average demand, reorder lead time, demand volatility, lead time volatility, and required service level.

The safety stock is calculated with the following equation:
Safety Stock = Z (based on service level) * sqrt((LeadTime * Sqr(Stdev(Demand))) + (Sqr(Avg_Demand) * Sqr(Stdev(LeadTime))))