Excel VBA: Supply Planning with Lead Time & Demand Variability 📦 | Smarter Reordering!

Hi Everyone !

📋 Detailed Description:
🔍 What is this video about?
Optimize your supply planning with Excel VBA! This tutorial focuses on incorporating lead time and demand variability into supply calculations. Learn how to automate reorder point calculations and improve inventory control for fluctuating demand.

🛠️ What Does the Code Do?

✅ Input Variables: Collects:
Lead time in days.
Average daily demand.
Demand variability (standard deviation).
Desired safety stock coverage (in days).
✅ Reorder Point Calculation: Uses the formula:
Reorder Point = (Average Daily Demand × Lead Time) + Safety Stock.
✅ Order Recommendation: Determines if a reorder is necessary based on the current stock level and reorder point.
⚡ Why is this important?

📦 Smarter Reordering: Ensure you reorder at the right time to prevent stockouts.
📉 Reduce Inventory Costs: Avoid overstocking for fluctuating demand.
🕒 Save Time: Automate calculations for consistent and accurate results.
📊 Adapt to Variability: Account for unpredictable demand with a flexible VBA tool.
📚 Key Takeaways:

Automate reorder calculations with VBA.
Factor in lead time and demand variability.
Achieve optimal inventory control.

How This Code Works:
User Inputs:

Current Stock: Real-time inventory levels.
Daily Demand: Average daily demand based on historical data.
Lead Time: Number of days required for replenishment.
Demand Variability: Standard deviation of demand fluctuations.
Safety Stock Coverage: Extra days of stock to cover uncertainties.
Reorder Point Formula:

Reorder Point = (Daily Demand × Lead Time) + Safety Stock.
Safety Stock Formula:

Safety Stock = Demand Variability × Safety Stock Days.
Output:

If stock falls below the reorder point, it suggests the order quantity.
If stock is sufficient, it notifies the user.

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