I'm writing some code to do stockitem analysis and provide estimates to purchaser. My source data is actual sold items per valid salesday grouped by week. Let's say week 1-10 have the following sales numbers per valid sales day: 10,11,15,13,7,6,19,8,12,13 (actual numbers are decimal). *) Out of this its easy to calculate average, variance and standard deviation. For now, let's say that stock level today is 100 items. My purchase will arrive in 3 salesdays from today. How many items do I have to purchase to be 98% sure that my stock will last at least 40 salesdays from now?(adsbygoogle = window.adsbygoogle || []).push({});

The solution is going to be written in SQL. I don't need the SQL code, but the algorithm for the calculation would do.

*)

Usually every week has 5 salesdays, but a few weeks every year has less. Due to transportation reasons special days every week peeks on sales. This would cause unneccessary variaton, so therefore i make this "average" per week.

Best regards

Einar Naess

**Physics Forums - The Fusion of Science and Community**

# How to estimating purchase amount to achieve servicelevel

Have something to add?

- Similar discussions for: How to estimating purchase amount to achieve servicelevel

Loading...

**Physics Forums - The Fusion of Science and Community**