Days of Inventory

The new Days of Inventory widget provides quick insight into the number of days for which the current inventory levels are sufficient. This can be for specific items in a warehouse, or for several or all items and warehouses of a particular site or company.

This widget indicates how long the inventory quantities of an item in a warehouse will last and when the inventory will run out. As a starting point for the calculation, the widget uses the current (actual) inventory levels of items within a warehouse, and compares these levels with the planned outbound transactions already registered for these item-warehouse combinations.

This comparison results in the period, expressed in days, that the item inventory is sufficient to meet the planned demand. In fact, the days of inventory is the period between now and the date when the economic inventory turns negative.