Home » Supply Chain and Operations Management Glossary (S)

Safety stock: Inventory carried to protect against running out during a lead time due to the uncertainty in either: the length of the lead time, the amount delivered, amount demanded, or time of occurrence of demand during a lead time. Same store sales: sales this year in stores that were open last year. Say’s Law: In simplest form, this is the “build it and they will come” philosophy—the belief that supply creates demand (e.g., if we produce a product, people will realize that they would like to buy it). If we build a sports stadium, sports teams and spectators will come. Attributed to…