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Several years ago,changes in advertising restrictions allowed pharmaceutical companies to begin promoting their products through traditional media.Today,it is hard not to see ads on television ending with "Ask your doctor about (our medicine) ." In addition to creating awareness about their drugs,the companies are hoping to:
Safety Inventory
Additional inventory kept to protect against variability in demand or supply, ensuring that stockouts are minimized.
Cycle Service Level
A measure of a company's ability to deliver products to customers within the committed time frame, often used as an indication of inventory management effectiveness.
Fill Rate
The percentage of customer demand that is met without backorders or stockouts, reflecting a company's ability to satisfy orders with available inventory.
Customer Fill Rate
A measure of the ability of a supply chain to deliver the requested product in the quantity and time agreed upon by the customer.
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