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    m1 Safetystockminmax Exa

    Uploaded by

    Aslam Soni
    The document analyzes forecast variance and bias for monthly forecasts over a year. It calculates values like variance, mean absolute deviation (MAD), bias, and bias percentage for each month. It then calculates overall statistics like standard deviation, coefficient of variability, required customer service level, and the safety stock needed to meet that level. The safety stock is calculated to be 8 units based on a 95% required customer service level and 1.64 factor.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd

    m1 Safetystockminmax Exa

    Uploaded by

    Aslam Soni
    25 views6 pages
    The document analyzes forecast variance and bias for monthly forecasts over a year. It calculates values like variance, mean absolute deviation (MAD), bias, and bias percentage for each month. It then calculates overall statistics like standard deviation, coefficient of variability, required customer service level, and the safety stock needed to meet that level. The safety stock is calculated to be 8 units based on a 95% required customer service level and 1.64 factor.

    Original Description:

    Safety Stock Min/Max

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    © © All Rights Reserved

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    The document analyzes forecast variance and bias for monthly forecasts over a year. It calculates values like variance, mean absolute deviation (MAD), bias, and bias percentage for each month. It then calculates overall statistics like standard deviation, coefficient of variability, required customer service level, and the safety stock needed to meet that level. The safety stock is calculated to be 8 units based on a 95% required customer service level and 1.64 factor.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    25 views6 pages

    m1 Safetystockminmax Exa

    Uploaded by

    Aslam Soni
    The document analyzes forecast variance and bias for monthly forecasts over a year. It calculates values like variance, mean absolute deviation (MAD), bias, and bias percentage for each month. It then calculates overall statistics like standard deviation, coefficient of variability, required customer service level, and the safety stock needed to meet that level. The safety stock is calculated to be 8 units based on a 95% required customer service level and 1.64 factor.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
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    Froecast Variance and Bias

    Original 300.0%
    Month Forecast Actual Variance MAD Bias Bias %
    January 100 95 -5 5 -5 5.0%
    250.0%
    February 100 89 -11 11 -16 16.0%
    March 100 105 5 5 -11 11.0%
    200.0%
    April 100 103 3 3 -8 8.0%
    May 100 105 5 5 -3 3.0%
    150.0%
    June 100 104 4 4 1 1.0%
    July 100 103 3 3 4 4.0%
    100.0%
    August 100 88 -12 12 -8 8.0%
    September 100 110 10 10 2 2.0%
    50.0%
    October 100 110 10 10 12 12.0%
    November 100 100 0 0 12 12.0%
    0.0%
    December 100 101 1 1 13 13.0% 1
    MAD: 6
    Average 101 Units
    Standard Deviation Formula
    Std. Deviation 5 Units
     ( Actual  Forecast ) 2

    Coeff. Of Variability 5%
    n 1

    Required Customer Service Level 95%


    CSL Factor for 95% 1.64
    Safety Stock 8 Units

    CSL
    50.0%
    51.0%
    52.0%
    53.0%
    54.0%
    55.0%
    56.0%
    57.0%
    58.0%
    59.0%
    60.0%
    61.0%
    62.0%
    63.0%
    64.0%
    65.0%
    66.0%
    67.0%
    68.0%
    69.0%
    70.0%
    71.0%
    72.0%
    73.0%
    74.0%
    75.0%
    76.0%
    77.0%
    78.0%
    79.0%
    80.0%
    81.0%
    82.0%
    83.0%
    84.0%
    85.0%
    86.0%
    87.0%
    88.0%
    89.0%
    90.0%
    91.0%
    92.0%
    93.0%
    94.0%
    95.0%
    96.0%
    97.0%
    98.0%
    99.0%
    99.5%
    99.6%
    99.7%
    99.8%
    99.9%
    ###
    300.0%

    250.0% Facto
    r
    CSL
    200.0%

    150.0%

    100.0%

    50.0%

    0.0%
    1 4 7 10 13 16 19 22 25 28 31 34 37 40 43 46

    Factor
    0.00
    0.01
    0.02
    0.04
    0.08
    0.13
    0.15
    0.17
    0.20
    0.22
    0.25
    0.30
    0.31
    0.32
    0.33
    0.34
    0.38
    0.40
    0.45
    0.47
    0.52
    0.55
    0.58
    0.61
    0.63
    0.67
    0.71
    0.73
    0.75
    0.80
    0.84
    0.88
    0.92
    0.95
    0.99
    1.04
    1.08
    1.13
    1.17
    1.23
    1.28
    1.34
    1.41
    1.48
    1.55
    1.64
    1.75
    1.88
    2.05
    2.33
    2.58
    2.65
    2.75
    2.88
    3.09
    3.72
    60%
    Month SS Inventory MIN MAX 700
    January 100 130 60 300
    600
    February 120 156 72 360
    March 140 182 84 420 500
    April 160 208 96 480
    400
    May 180 234 108 540
    June 210 273 126 630 300
    July 180 234 108 540
    200
    August 160 208 96 480
    September 150 195 90 450 100
    October 130 169 78 390
    0
    November 100 130 60 300
    December 90 117 54 270
    SS
    MIN
    MAX
    Inventory

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