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Buffer Stock vs Safety Stock Explained

Buffer Stock and Safety Stock are 2 inventory types that serve to protect the customer from variability. Buffer Stock and Safety Stock must be calculated and reviewed periodically. ✏️ Here is the transcript of the video Buffer stock refers to goods held at the downstream end of a facility or process. The purpose of this stock is to protect the customer from running out of inventory in case there is a sudden increase in demand that exceeds short-term production capacity. It's important to note that the terms buffer and safety stock are sometimes used interchangeably, which can be confusing. ▶ Buffer Stock vs Safety Stock However, there is a significant difference between the two. 1️⃣ Buffer stock is meant to protect your customer from you, the producer, in case there is an unexpected increase in demand. 2️⃣ On the other hand, safety stock is meant to protect you from the incapability of your upstream processes and suppliers. By having a buffer stock, you can ensure that your customers will always be able to get what they need, even if there is a sudden surge in demand. This will help you maintain a good relationship with your customers and keep them coming back. ▶ Conclusions So, always keep in mind the importance of buffer stock and the difference between it and safety stock. By doing so, you'll be able to ensure that your customers are always happy and satisfied with your products. ツ CONNECT WITH ME ツ Hi, my name is Mark Anderson a 20+ year Lean Expert. I have created LeanVlog because I want to spread Lean Thinking worldwide and I think the video is the most effective way to teach, learn, and spread knowledge. If you want to stay in touch with me you can choose the channel you prefer. A) Linkedin   / mark-anderson-leanvlog   B) Latest Videos and Playlist Website: https://www.leanvlog.com C) Telegram https://t.me/leanvlog #Bufferstock #safetystock #inventory