how do i calculate the order quantity?
given a beginning inventory level, a desired minimum safety inventory level
and a lead time from order to receipt of inventory, how do i calculate by month the quantity of inventory to order for each item? |
It would certainly be helpful to know the pending orders for finished
product per month. With this advanced information, one could then assume that the current inventory level, less the build quantity (minus some percentage for fallout), and less the safety quantity would tell you what was required to be ordered to maintain the safety level. There are some vendors that will work with you to supply various quantities when necessary to help maintain your safety level, but obviously, they need to know projected production levels. If you're looking for some formula or other help in resolving this problem, please respond directly to my e-mail. The current problem description is rather vague! |
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