Predicting how much inventory your business will need for upcoming sales cycles is tough. There are lots of moving parts and unknown factors that can affect inventory levels.
This doc helps you quantify that process and more accurately forecast inventory based on estimated demand. You start with past sales data and inventory on hand, and then forecast sales and inventory needs using a sensitivity analysis. This analysis lets you look at the future from worst, baseline, and best case scenarios, and also identify products that may be over or under stocked. You can then determine reorder points for each product based on lead times that you set.
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