Formula to Forecast Material Quantity Received vs Consumed

07/15/20
Accepted

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!

Best Answer

  • Accepted Answer

    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.

Answers

  • SoS | Dan PalencharSoS | 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.

  • 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





  • @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.

  • Accepted Answer

    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 StaråAndrée Starå ✭✭✭✭✭

    @Brendan West

    Excellent!

    Glad you got it working and thanks for sharing!

    SMARTSHEET PARTNER & CONSULTANT / EXPERT

    Andrée Starå | Workflow Consultant / CEO @ WORK BOLD

    W: www.workbold.com | E: [email protected] | P: +46 (0) - 72 - 510 99 35

    Feel free to contact me about help with Smartsheet, integrations, general workflow advice, or something else entirely.

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