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Anonymous
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6 years ago

Projecting Inventory to Expire based on forecast

Hi everyone!

 

Posting this question for my inventory tracking project. 

Summary: I would like to build a tracker/dashboard to track my inventory expiration risks based on forecasted usage.

 

Inputs:

1. I have one table for forecasted usage on a weekly basis for all SKUs. Similar to the table below.

 

2. On a separate table, I have an inventory balance of all of these SKUs, with different batch codes and different expiration dates similar to the table below. 

 

 

That being said, my desired outputs are: 

1. Flag expired items automatically (can be easily done). 

2. Be flagged if there is an expiration risk meaning, total usage over X weeks will not be enough to deplete the remaining inventory by its expiration date. Need to keep in mind that First to Expire, First to consume. I need to deplete first those to expire first before consuming the next batch. 

3. Quantify the risk: How much will not be consumed/will expire based on forecast usage. Keeping in min the First to Expire, First to Consume concept. 

 

Sample output table:

 

Hope I made the problem clear. 

I'm really stuck at this project and don't know where to start so I would very much appreciate any help.

Thank you!!!

 

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