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Safety Stock | Reorder Point ROP | Economic Order Quantity EOQ | Min Max Levels calculation in Excel

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  • čas přidán 27. 08. 2023
  • This Video Covers extensive information about. ·
    Safety Stock | Reorder Point ROP | Economic Order Quantity EOQ | Min Max Levels calculation in Excel
    Download Excel template for analysis of SS ROP EOQ Min Max -
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Komentáře • 19

  • @venkatayatheshkumar5035
    @venkatayatheshkumar5035 Před 6 měsíci +1

    Nice explanation sir, can you please share the format it is so useful for me

  • @anisanisrina7278
    @anisanisrina7278 Před 10 měsíci +1

    Hi, thank you for your explanation that's very clean and precise, I just wanna ask do you have any suggestion how if we want to adjust the abc xyz analysis result to this safety stock, rop, eoq format?

  • @83jatin
    @83jatin Před 11 měsíci +1

    Hi good video, please elaborate how you are using the Z score, it was not very clear in you video why you are using 92% from some items and why 95% for other items. Also what is the explanation of why you are using the normal distribution table to arrive at the service level factor

    • @sitmiacademy
      @sitmiacademy  Před 11 měsíci +1

      Z score is a standard table which you can find on Google by searching "Normal distribution Z table".
      Now why we took different service level is depending on us only. If your product has good and stable demand pattern then take more service level, If there is significant variation but products need to be stocked then take lower service levels. Service Level is the probability of fulfilling customer orders with service level percentage.
      Why we use normal distribution table - Because that is standard formula across globe for safety stock and this is giving us how much probability of customer order we are expecting to fulfill. Obviously everyone wants 100% but with that service level higher stocks will be carried and cash will be blocked.

  • @desireesanchez3880
    @desireesanchez3880 Před 6 měsíci +1

    Tried to download the file but got an access denied message. I requested access but didn't receive a response. How can I get the download?

  • @aliharb2102
    @aliharb2102 Před 5 měsíci

    Great explanation sir !
    Please can i have the excel template

  • @karyawanwfh2350
    @karyawanwfh2350 Před měsícem

    very interesting your explanation.
    I sent a request for access to google drive download. please accept.. thx u

  • @mohamedgalal7414
    @mohamedgalal7414 Před 4 měsíci

    good job! how can we get this excel sheet? it is not available on google drive anymore

  • @jyotimahara319
    @jyotimahara319 Před 5 měsíci

    Hi thanks for sharing
    Pls allow access of file so we can able to project data

  • @stefangarnett4029
    @stefangarnett4029 Před 2 měsíci

    How did you determine the standard cost?

  • @gagakhitam666
    @gagakhitam666 Před 8 měsíci

    sir, give me access for download this templete, thanks you so much!

  • @mtariqraheem1
    @mtariqraheem1 Před 4 měsíci

    nice explained, please allow so that i can also download file, request has been sent

  • @micheelee6979
    @micheelee6979 Před 5 měsíci

    i want to download this excel, but i don't have acess. would you help this? thanks

  • @user-cc7um7mw1x
    @user-cc7um7mw1x Před 9 měsíci

    i want to download this excel, but i don't have acess. would you help this?

  • @abdulaziz1982
    @abdulaziz1982 Před 4 měsíci

    What is the logic behind the square root of lead time?

  • @adareone
    @adareone Před 7 měsíci

    I sent a request for this information. Please advise. Not sure if anyone else has access to the great information.

    • @adareone
      @adareone Před 7 měsíci

      Thank you for providing access and sending, I have asked for access as the file does not provide any editing of the data. One question I have if our company does not use EOQ and suppliers have MOQ how do you factor that into your ordering? I would think you order at the MOQ to bring you back in to your Min/Max range.

  • @Durrii-wl6vy
    @Durrii-wl6vy Před 9 měsíci

    Experience