This Safety Stock Inventory template is prepared for simulating orders and inventory positions according to Safety Stock policy. SigmaPedia defines Safety Stock as the inventory held in a process as a buffer against demand and supply variations.
Starting inventory, safety stock level percentage, initial demand (sales) per week, lead time (in weeks), and annual growth rate of demand (sales) are the inputs to this template. It calculates various parameters including Minimum Inventory Observed, Maximum Inventory Observed Starting Safety Stock, Ending Safety Stock, Total Inventory Held (in units*weeks), Total Inventory Backordered Inventory (units*weeks), and Number of Orders Placed.
The template generates weekly table of Initial Inventory, Order Quantity, Incoming Quantity, Sales Quantity, Ending Inventory, and Safety Stock. It also creates a chart of Inventory and Safety Stock by weeks.
How to Turn This Safety Stock Inventory Template into a Web Application
You can turn this template or any Excel file into a web application with SpreadsheetWeb. Delivering it as a web application helps protect your data and business logic. Your users can still access parts of your file, enter data and see the calculation results. But they won’t be able to see the actual formulas nor modify them. Delivering your Excel file as a web application will allow many users accessing it at the same time while protecting their data. They cannot see each others data. Their data is fully protected.
The web application created from this safety stock inventory template is below: