Formula to Forecast Material Quantity Received vs Consumed

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

  • Brendan West
    Brendan West ✭✭
    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.


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