Dear All, Attached is a spreadsheet tool designed to analyze the costs associated with holding an item over a one-year period. I am sharing this tool with the hope that it will be beneficial to others. The Sawtooth Inventory Analyzer allows you to simulate costs and service levels based on your own historical data averages. It provides estimated service levels and annual costs for each item. Please note that the tool does not calculate minimum stock levels based on the consequences of item unavailability. It is a simulation tool that requires your input to make informed decisions. The accuracy of the tool depends on the information provided. Feel free to share this tool with anyone who may find it useful. Best regards, Attachment: inventory.xls (443 KB) - Version 1
Can the system read and analyze data from a Computerised Inventory Management System (CIMS) or does it rely solely on manually inputted data?
Hey Josh, I've created a tool that allows for easy importing of data files to analyze historical trends in inventory activity, demand, and costs. This not only streamlines calculations but also provides more thorough results, such as recommended analyst time per year and suggesting stock levels based on asset importance. While the tool here is sufficient for a one-time analysis, the one I've built offers more comprehensive insights. Regards,
Thanks for sharing this, it seems like a really valuable tool for inventory cost analysis. It's great that it's customizable to individual historical data, making it quite relevant to varied types of inventories. I was wondering, do you have any plans of updating the tool to include calculations for minimum stock levels? That would be a powerful add-on to its current features. Anyway, kudos for creating such a versatile analyzer. Will definitely share with my network.
Thanks for sharing this, it looks like a super useful tool! I love that it lets you plug in your own data to see how costs and service levels can change; that kind of customization can really sharpen decision-making. Just a quick thought—maybe it would be helpful to have some guidelines or a brief tutorial on how to best use the tool for those who might not be as familiar with inventory management. Overall, great resource!
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Answer: 1. What is the purpose of the Cost Analysis Tool for Inventory Management? - The tool is designed to analyze the costs associated with holding an item over a one-year period by simulating costs and service levels based on historical data averages.
Answer: - The Sawtooth Inventory Analyzer is a spreadsheet tool that provides estimated service levels and annual costs for each item based on user input.
Answer: - No, the tool does not calculate minimum stock levels based on item unavailability consequences. It is a simulation tool that requires user input to make informed decisions.
Answer: - The accuracy of the tool depends on the information provided by the user. It is important to input relevant and precise data to obtain accurate results.
Answer: - Yes, the tool can be shared with anyone who may find it useful for analyzing inventory management costs.
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