Not able to have calculate safety stock for RM (components) using statistical method
Summary:
Customer has segregated all Raw materials and Packaging Materials into ABC classes. We want to calculate statistical safety stock for RM and PM, for which there would be a dependent demand. Forecast would be done for the FG items.
Currently, we are not able to find any option which can enable this requirement. Safety stock calculation for dependent demand items is possible only using user defined values or based on days of cover. While customer wants to use service levels, variation in demand and lead times to calculate safety stock for RM and PM.
Any suggestions are appreaciated.
Thanks,
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