{"heading":null,"id":23220473,"theme":{"name":"light","colors":{"background":"#ffffff","button":"#5e6971","buttonText":"#ffffff","heading":"#36434d","text":"#5e6971"},"background":{"blend":"normal","blur":0,"contrast":75,"grayscale":100,"opacity":38,"url":null}},"button":{"text":"Buy the recording","url":null},"mediaAlignment":"media-alignment-right","mediaStyle":"media-style-plain","video":{"color":"#090909","wistiaId":null},"productButton":{"remote":true,"text":"Buy the recording","url":"/inventory-planning-challenges-calculations-and-considerations/buy?term=full"},"images":{"external":null,"primary":"https://d31ezp3r8jwmks.cloudfront.net/vu5kmgdmgdu77c6kgw5mj1vlxecr"},"metadata":{"type":"Course","includedItems":"1 Lesson"},"names":{"external":"","primary":"Inventory Planning Challenges: Calculations and Considerations"},"preLaunchForm":null,"prices":{"full":"$47"},"productId":348940,"text":{"external":"

On December 3, 2021 I held a meeting that had an interactive demonstration of inventory planning calculations. We also had a discussion of what you need to consider when making these calculations.

If you missed the meeting, don’t worry! You can still purchase a copy of the meeting to view the recording.

What did I cover in this event?

My attendees and I reviewed a real case study to demonstrate inventory challenges from a data point of view. This real-life topic happens often. We talked about the uncertainty behind picking numbers that go into your safety stock and your reorder point formulas.

I answered the following questions:

● Which values should you use for calculating safety stock and reorder points?

● Should you plan based on forecast or past sales demand? What time frame of demand should be used?

● What challenges exist when using computer systems for inventory management?

● What challenges do people and suppliers add to the process?

The topics of inventory turns and inventory age were also briefly covered at the end of the meeting.

Purchase the recording now to see the real challenges that two companies faced when trying to manage inventory and align it to their customer demand.

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