Summary
This article walk through how projected available and projected actual available are calculated, and how they can be used.
Applies To
All items in StockIQ except items with an order policy of "Min/Max". Since these are not ordered based on projected inventory levels, they do not have projected inventory calculations.
Process
Projected Available
Projected Available is StockIQ's term for a quantity projected to be on-hand, in inventory, out on a certain date, taking into account all supplies and demands, including replenishment suggestions from StockIQ.
What you currently have on hand in inventory is a known quantity. Starting from on-hand, moving out into the future day-by-day, StockIQ can "Project" what your on-hand ought to be, by using all demand, in the form of:
- Open Customer Orders
- Forecast
- Dependent Forecast
- Expiration Forecast
As well as supplies in the form of:
- Firm PO's, Transfers, and Manufacturing or Work Orders
- Suggested Releases from StockIQ
such that on any date, StockIQ can project what your on hand quantity is likely to be on a given date out in the future. These values are shown for each day in your replenishment horizon in the Order Schedule, and are the primary drivers behind the order suggestions made in StockIQ.
Projected Actual Available
Projected Actual Available, which is visible in the Order Schedule, is StockIQ's projection for how your inventory levels will develop if none of StockIQ's suggestions are taken.
The same rules for supply and demand are applied as for your normal inventory projections with Projected Available, except that any suggested releases from StockIQ are ignored.
This can be useful for a picture of where you stand with your current firm PO's. StockIQ uses this number to calculate things like your total days of supply when in the Place Orders screen as well.