For perishable goods, how much should you order per period?

Department: Manufacturing

Creator: PanXpan

Difficulty: advanced

Tags: Forecasting

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This module enables everyone on your team to research optimal order quantity. For perishable products that can only be ordered once per period, ordering too much can lead to spoilage/obsolescence and ordering too little can lead to lost sales. Enter historic data for product demand, standard deviation of demand, revenue per unit, variable cost per unit and salvage value per unit. Then share this file with your team. Team members will be able to scroll through research on how much to order and what your expected profit should be based on the newsvendor model.

Reviews:
(1)

“Please try our order quantity analysis module and let us know what you think!” Mufaddal K. - 6/8/2015

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