Formula to Forecast Material Quantity Received vs Consumed

Brendan West

I am hoping there is a formula to see what I will need to forecast to purchase for material received vs consumed. Any help would be greatly appreciated!

Brendan West

Got this figured out. Wanted to put the formula in the thread.

=[Consumed Quantity-KCCI]182 / [Quantity Received]182 * [Remaining Quantity-KCCI]182

This figures the rate of consumption and gives an estimated amount to stay ahead of the material being consumed.

SoS | Dan Palenchar

Hi, there probably is but it's hard to say with this level of info. Can you be more specific about how you are trying to forecast, what data is being factored in, etc.? A screenshot of your Sheet or published link would be helpful too.

Brendan West

I want to forecast how much material we need to order. I want to do they by forecasting the Consumed Quantity vs. Quantity Ordered. I think we may need to put dates in but kind of at a stand still

Brendan West

@Dan Palenchar Have you had time to review? I actually have added date columns now. But really hoping I can forecast material that we may need at the rate we consume it. We can go through material so quickly and will help us with ordering.

Thanks for your assistance.

Brendan West

Got this figured out. Wanted to put the formula in the thread.

=[Consumed Quantity-KCCI]182 / [Quantity Received]182 * [Remaining Quantity-KCCI]182

This figures the rate of consumption and gives an estimated amount to stay ahead of the material being consumed.

Andrée Starå

@Brendan West

Excellent!

Glad you got it working and thanks for sharing!