Using the Statistics Calculator

Key Features of the Statistics Calculator:

• Updates Average Daily Sales: The tool recalculates sales data to reflect updated trends.
• Adjusts Maximum Levels: Reordering quantities are based on revised maximum levels, ensuring stock levels are optimized.

Step-by-Step Guide to Running the Statistics Calculator

1. Access the Statistics Calculator

• Navigate to the Inventory module and select Statistics Calculation.

2. Choose the Parameters

• Company/Usage: Select the company or product line you wish to analyze.
• Time Period: Define the analysis timeframe. For example, choose a specific month or year (e.g., May 2024 to May 2025).

3. Apply Seasonal Adjustments

• If expecting an increase in sales (e.g., due to seasonal trends), input a percentage for the predicted uplift.
  Example: A 10% increase during the holiday season.

4. Set a Reminder

• Schedule the next analysis by setting a future reminder date (e.g., September).

5. Compute and Finalize

• Click the Compute button to run the analysis. This process may take some time.
• Once complete, select Done to finalize the updates. The maximum levels for reordering will be automatically adjusted.

Benefits of Using the Statistics Calculator

• Improved Stock Management: Ensures you maintain optimal inventory levels without overstocking or understocking.
• Data-Driven Insights: Uses historical data to predict future demand accurately.
• Customizable Adjustments: Incorporates factors like seasonal trends for more precise planning.

Next Steps

• Regularly review and update statistics using this tool to adapt to changes in demand.
• Schedule periodic reminders to ensure continuous optimization of stock levels.