RAW MATERIAL PLANNING EXCEL SHEET HOW TO

Your maximum sale per day is 39.5, here you take the month вЂњmaxвЂќ with the formula вЂњmaxвЂќ which you divide by the number of days in a month. On Excel, you have sales over 12 months with a total of 12 000, an average per month of 1000, which makes about 33 pieces per day. You must, therefore, have a stronger safety stock on the umbrella to cover this uncertainty. You will probably have a better forecast quality on toilet paper than on the umbrella. You have very stable products such as toilet paper, and you have much more uncertain products such as umbrellas (which you only sell when it rains). You need a safety stock to cover yourself against two hazards or uncertainties: demand and lead time 1) Demand uncertaintyДЇor the request, you have different types of products. In this article, I will come back to the main methods I recommend to calculate its safety stock, with always concrete examples of Excel that you can download at the end of this article Why do you need a safety stock? How to calculate your safety stock? By searching on google, you can find dozens of different solutions. The safety stock (or buffer stock) is the stock level that limits stock shortages due to unforeseen events (forecasts not in line with demand, longer than expected supply time, etcвЂ¦) Download Excel Safety Stock + Reorder Point.The best solution for inventory management: Machine Learning.

RAW MATERIAL PLANNING EXCEL SHEET HOW TO

How to choose the right formula for your Safety Stock?.Others ways to compute your Safety Stock.Limits of the normal distribution for your safety stock :.Method 6: Normal distribution with uncertainty on demand and dependent lead time.Method 5: Normal distribution with uncertainty on-demand and independent lead time.Method 4: Normal distribution with uncertainty on the lead time.Method 3: Normal Distribution with uncertainty about the demand.Use constant time units for your calculation.Safety Stock Calculation: 6 different formulas.Safety Stock with EOQ (Economic Order Quantity).

Raw material planning excel sheet