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Formular for calculating inventory cover required. Eg if forcast

 
ehabtutor's Avatar
  • Answered by:ehabtutor
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Customer Question

Formular for calculating inventory cover required.
Eg if forcast sales is 300units and I have 10 units in stock my cover in weeks would be 52/(300/10). However I want to know how many units I need to have a cover of 6 weeks.
Please help!!!

 

Optional Information:
Computer OS: Windows Vista

Already Tried:
=IF(52/(O6/M6),1.7,"52/?=6")

Submitted: 1365 days and 11 hours ago.
Category: Programming
Value: AU$23
Status: CLOSED
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Expert:  ehabtutor replied 1365 days and 6 hours ago.

ok i really don't understand why are you using an if statement

 

All you need to do is use this formula to find out the number of units needed to cover x number of weeks

 

lets assume that the sales forcast is in cell B3 and the weeks to cover is in cell B9 then the number of units needed is

= (B3*B9) /52

 

I would also suggest rounding to the higher digit

 

so it would look like this:

 

=ROUNDUP((B3*B9)/52,0)

 

I am also attaching a sample file Here

 

If you need any further assistance just ask. A bonus is highly appreciated

 

Regards,

EhabTutor

ehabtutor40043.2134148958

Customer replied 1365 days and 5 hours ago.

I am currently travelling will check your response and get back to you

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Expert:  ehabtutor replied 1365 days and 5 hours ago.

No problem, i hope my answer addresses what you want

If you need any further assistance don't hesitate to ask. Even after you accept i will still continue to help you

 

Regards,

EhabTutor

Customer replied 1364 days and 13 hours ago.

Hi Ehab,

Thank you for thatesponse but what I'm trying to get to is if I want 6 weeks cover and as a result of stock count I have stock for only 2 weeks how much do I need to order to make up my 6 week requirement. That's why I was trying to use the if statement.

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Expert:  ehabtutor replied 1364 days and 9 hours ago.

ok i am working on it

 

Regards,

EhabTutor

Accepted Answer

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Expert:  ehabtutor replied 1364 days and 8 hours ago.

ok here is your new formula:

 

=ROUNDUP(((B3*B9)/52)-(B3*F4/52),0)

 

You can find the sample here

 

you can now change all the factors and see how this applies to the number of units needed

 

If you need any further assistance don't hesitate to ask

 

Regards,

EhabTutor

Expert TypeComputer Software Engineer
Category: Programming
Pos. Feedback: 99.2 %
Accepts: 787
Answered: 8/19/2009

Experience: Bachelor of computer science, 5+ years experience in software development, software company owner

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