MRP SAFETY STOCK CALCULATION CHECKLIST

Created by ChecklistGuro (https://checklistguro.com)


--- DEMAND ANALYSIS ---
[ ] Average Daily Demand (Units)
[ ] Standard Deviation of Demand (Units)
[ ] Start Date of Demand History
[ ] End Date of Demand History
[ ] Forecast Method Used (Moving Average, Exponential Smoothing, Statistical Forecast, Manual Forecast)
[ ] Forecast Error (MAPE or MAD)
[ ] Notes on Demand Patterns or Unusual Events
[ ] Seasonality Considerations (None, Monthly, Quarterly, Yearly)

--- LEAD TIME ASSESSMENT ---
[ ] Procurement Lead Time (Days)
[ ] Manufacturing Lead Time (Days)
[ ] Inspection Lead Time (Days)
[ ] Total Lead Time (Days)
[ ] Description of Procurement Process
[ ] Description of Manufacturing Process
[ ] Last Lead Time Review Date
[ ] Lead Time Units (Days, Weeks, Months)

--- SERVICE LEVEL GOAL DEFINITION ---
[ ] Target Service Level (%)
[ ] Acceptable Stockout Rate (%)
[ ] Justification for Service Level Goal
[ ] Criticality of Item (Impact of Stockout) (High, Medium, Low)
[ ] Date Service Level Goal Reviewed
[ ] Customer Impact Assessment (Stockout Scenario)
[ ] Business Priority (e.g., Cost vs. Customer Satisfaction) (Cost Minimization, Customer Satisfaction)

--- SAFETY STOCK FORMULA SELECTION ---
[ ] Description of Selected Formula
[ ] Primary Safety Stock Formula (Normal Distribution (Z-score), Average Method, Fixed Percentage of Demand, Vendor Managed Inventory (VMI) – Based on Vendor Guidance)
[ ] Assumed Service Factor (Z-score)
[ ] Demand Variability (Standard Deviation)
[ ] Formula Justification
[ ] Formula Assumptions Verified? (Yes, No, Not Applicable)

--- PARAMETER CALCULATION ---
[ ] Average Daily Demand
[ ] Lead Time (Days)
[ ] Standard Deviation of Demand
[ ] Desired Service Level (Z-score)
[ ] Lead Time Standard Deviation
[ ] Safety Stock Factor

--- REVIEW AND ADJUSTMENT ---
[ ] Deviation from Calculated Safety Stock Level
[ ] Reason for Deviation
[ ] Impact on Service Level (Increased, Decreased, No Impact)
[ ] Date of Adjustment
[ ] New Safety Stock Level
[ ] Notes/Comments

--- SYSTEM IMPLEMENTATION & MONITORING ---
[ ] Initial Safety Stock Quantity (Units)
[ ] Safety Stock Implementation Date
[ ] Stockout Rate (Post Implementation)
[ ] Inventory Turnover (Post Implementation)
[ ] Notes on System Setup and Configuration
[ ] Next Review Date
[ ] Metrics to Track (Stockout Rate, Inventory Turnover, Forecast Accuracy, Order Fill Rate)

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