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AAT L3 MMAC Formulas

Inventory formulas required for AAT's MMAC module at level 3

TermDefinition
Minimum inventory level Reorder - (Average usage x Average lead time)
Maximum inventory level Reorder level + Reorder quantity - (Min usage x Min lead time)
Average inventory Minimum inventory + 50% of reorder quantity
Reorder level (Max usage x Max lead time) + Buffer inventory
Economic order quantity (EOQ) The square root of (2 x Fixed cost per order x Annual demand in units) / Cost of holding one unit for one year
Created by: pfcliffe
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