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Inventory Forecasting (Restocking and Cash Requirement)   Excel template (XLSX)
$45.00

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Inventory Forecasting (Restocking and Cash Requirement) (Excel XLSX)

File Type: Excel template (XLSX)

$45.00
This Accounting tool was crafted by an Accountant and Financial Modeler with over 10+ years of global experience. He has served 750+ clients, from small family offices to billion-dollar corporations, across a multitude of industries.
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BENEFITS OF DOCUMENT

  1. Dynamic inventory forecasting.

DESCRIPTION

This product (Inventory Forecasting [Restocking and Cash Requirement]) is an Excel template (XLSX), which you can download immediately upon purchase.

Updated August 17th, 2023 – The template now runs off monthly data structures instead of daily. This allows for easier scaling (adding 1,000s of SKUs) and better general usability. Additionally, an accounts payable balance will display based on configurable payment terms (up to three payment events for a given purchase) and visuals were upgraded.

The growth inputs are also much cleaner for the user to update / change as an annual growth rate is entered per year instead of per month and that applies to the average sales per month.

This template is designed to forecast the expected sales of inventory for up to a 72-month period. The model is driven off of average historical sales by month (accounts for seasonality) and the user can define % change from historical averages in order to drive the forecasted usage.

The final output is going to show the user how much inventory needs to be purchased per month and the cost of that.

Factors considered include:
•  Lead time
•  Starting inventory balance
•  Payment terms
•  Minimum inventory level (safety stock)
•  Months to reorder for

There are up to 19 SKUs this template will work for by default, but it is very easy to expand for as many as you need to account for. Other data summaries include the expected units reordered per month per SKU, running inventory balance per SKU by month and year, sales per month per SKU, revenue earned per SKU (per defined average selling price), and cost per month per SKU (per defined average cost per unit).

The model works off a expected units sold in order to get the most accurate forecast possible and can handle any input range for the various things that effect when inventory needs to be purchased, how slow or fast it will be used (per historical sales / seasonality logic).

The primary goal is to understand the expected cash requirement per month that is going to be needed to buy inventory with.

Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Best Practices in Inventory Management Excel: Inventory Forecasting (Restocking and Cash Requirement) Excel (XLSX) Spreadsheet, Jason Varner | SmartHelping


$45.00
This Accounting tool was crafted by an Accountant and Financial Modeler with over 10+ years of global experience. He has served 750+ clients, from small family offices to billion-dollar corporations, across a multitude of industries.
Add to Cart
  

OVERVIEW

File Type: Excel xlsx (XLSX)
File Size: 624.8 KB

ABOUT THE AUTHOR

Additional documents from author: 163

I graduated in 2011 with a Bachelors degree in Accounting. From there, I worked at a few small businesses doing financial reporting and some bookkeeping. After a few years of that, I started doing freelance financial consulting work on Elance and Upwork.

After over 400 jobs completed with a 100% success rate, I now run my own modeling/consulting practice and continue to build new financial models every few weeks. [read more]

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