Summary
This article describes how available quantity is calculated.
Applies To
All items in StockIQ
Process
Available Quantity is how much of your on-hand inventory is actually available for new sales. It is calculated by subtracting any open demands from your on hand quantity.
A related number called "Available Quantity To Lead Time" is calculated by removing any open demands between now and the lead time of your part.
Open demands can include:
- Open customer orders (such as backorders)
- Pending outgoing transfers that have not yet been picked/shipped
- Pending work orders that have not been allocated from inventory
- (Optional) Dependent Demand due to orders on any parent assemblies or spokes
It is important to note that available quantity does NOT include:
- Expected Inventory depletion due to Forecasted demand, nor any dependent forecast
- Projected Supply, such as incoming PO's or transfers.
For projections of available inventory including all factors of supply and demand, StockIQ calculates Projected Available(How is Projected Available and Projected Actual Available calculated?)