Demand
Demand is defined as ‘a need for goods or services’ [Drabik and Sobol 2014]. In the book by Ziomek [2006], the term is described as “the amount of goods and services that a buyer wants to buy at a given price”. According to Philip Kotler [1999], the notion of demand must be seen in the […]
Explore moreSafety Stock
The stock maintained to ensure the adopted level of customer service is called the safety stock [Krzyżaniak 2008; Klimczak 2001]. In the literature, this stock is also defined as a part of the stock created in order to protect against the occurrence of higher demand than planned or to extend the delivery time of an […]
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