Inventory Optimization Tool in Excel

Product Carousel
Product Carousel

Inventory Optimization Tool: Streamlining Supply Chain Efficiency

Inventory serves as the lifeblood of wholesalers, distributors, and manufacturers, representing valuable products awaiting sale. As a crucial component of current assets, especially in the manufacturing sector, an Inventory Optimization Tool becomes an indispensable process. But how do you choose the right inventory optimization models?

 

Significant cash flow is tied up in inventories to ensure seamless production flow and meet high customer service levels. However, managing inventory also involves holding, carrying, and opportunity costs. Thus, identifying inventory reduction strategies and optimization methods becomes paramount for supply chain and operations professionals.

 

Implementing Inventory Optimization can be time-consuming. I recall my days as a planner, where every three months, I had to download data from the ERP system, organize it, identify E&O, recalculate Safety Stock, analyze changes in Made-to-Stock and Made-to-Order, and redo the entire ABC analysis. This labor-intensive process took me 3-5 days of dedicated effort.

 

To assist the SCMDOJO Community, we have developed an Inventory Optimization Tool in Excel that accomplishes all these tasks and more within minutes and hours instead of days—all at a cost of less than $70! No need to pay exorbitant sums to software companies.

 

Output You Will Obtain from the Inventory Optimization Tool

  • The total cost of goods sold.
  • Current inventory onhand value.
  • Planned safety stock value.
  • Inventory Turns.
  • Days on Hand.
  • Current on-hand inventory (in $ value & % to total) grouped by months of stock available.
  • Inventory optimization proposals (A. Stock to stock with new safety stock levels; B. Stock to non-stock; C. Non-stock to non-stock; D. Non-stock to Stock with new safety stock levels).
  • Current on-hand inventory profile includes (A. Usable inventory; B. Excess inventory; C. Obsolete Inventory).

 

What Files Will You Receive Upon Purchase?

  • Inventory Optimization Tool in Excel (Filename: Model)
  • Input Template (Filename: Input)
  • Inventory optimization Tool Work Instructions DIY (do-it-yourself) Training Document (Filename: Training Document SCMDOJO)

The-Inventory-Planning-Methods-ebookThe Ultimate Guide to Inventory Planning Methods

The objective of this guide is to describe the present use, application, and characteristics of selecting various inventory planning methods, and to explain how supply chain professionals apply the methods.

 

Introduction & Tutorial on How to Use The Inventory Optimization Tool

 

Access our Best Practices on our Website!

Distribution Operations Capabilities Assessment
Supply Chain Best Seller

Distribution Operations Assessment Tool

Total Downloads: 10 0 (0) 1 Files 88.78 KB

$ 29

Materials Management
Supply Chain Best Seller

Materials Management Competencies Assessment

Total Downloads: 12 0 (0) 1 Files 92.09 KB

$ 49

EXCESS AND OBSOLETE INVENTORY
Supply Chain Best Seller

Excess and Obsolete Inventory Policy Guide

Total Downloads: 64 0 (0) 1 Files 621.66 KB

$ 45

Sales and Operations Planning Process
Supply Chain Best Seller

Sales and Operations Planning Process Assessment

Total Downloads: 17 5 (1) 1 Files 55.54 KB

$ 25

You have to login first as a client to leave a review.

Ratings and Reviews

Rated 0.0 out of 5
0.0 out of 5 stars (based on 0 reviews)
5 star0%
4 star0%
3 star0%
2 star0%
1 star0%

What's your experience? We'd love to know!

Write a Review


There are no reviews yet. Be the first one to write one.

No reviews found.

$69.00

Files Included

1 Inventory Optimization Model-Final.xlsm 326.21 KB
2 Inventory Optimization Input file. 210.83 KB
3 Inventory optimization Tool Work Instructions DIY 1.37 MB
4 Inventory optimization Tool Work Instructions DIY -PDF 796.47 KB
2.67 MB