1 / 9

The Best Inventory Spreadsheet Ever

How to Match the System to Your Business Data. What factors need to be considered?Service level desiredLead timeSafety stock levelsDemand dataLot sizeCycle stockSpreadsheet can be developed for raw materials, WIP, and finished goods. Service Level. Management should define thisStatistically

palma
Télécharger la présentation

The Best Inventory Spreadsheet Ever

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. The Best Inventory Spreadsheet Ever

    2. How to Match the System to Your Business Data What factors need to be considered? Service level desired Lead time Safety stock levels Demand data Lot size Cycle stock Spreadsheet can be developed for raw materials, WIP, and finished goods

    3. Service Level Management should define this Statistically based calculation The higher the desired level, the higher the inventory Manually enter the value by category

    4. Lead time In this spreadsheet it is defined in months Examples: one week lead time = 0.25, six week lead time is 1.50 Enter manually the value you have in your system or lookup by category

    5. Safety Stock Levels Safety stock levels can be set by experience Safety stock is to guard against fluctuations in either supply or demand Relates to desired service level Having SS does not ensure availability, not having SS does not mean that you will necessarily have a stockout Put into this spreadsheet what you have in your system (manual or lookup)

    6. Demand Data You will need accurate monthly demand or usage data for some time span Entering a larger number of periods will dampen variations The information can be entered manually or via lookup The original concept was to have a rolling 12 months of data entered

    7. Lot Size Enter (manually or via lookup) the lot size information you use in your system This affects the cycle stock calculation Smaller lot sizes will decrease the average cycle stock amount and reduce dollars

    8. Uses Pivot Table shows different categories of inventory Clearly shows issues with variation and lead times Provides targets for inventory planning Can be used for budgeting and what if analysis Can be used to explain to management Clearly shows the opportunity dollars Can also be used to show obsolete inventory category Easy to view and update

    9. Questions? File and presentation posted on Chapter Website foothillschapter.homestead.com Can contact me if you have questions navy19831990@yahoo.com

More Related