Inventory Tracking and Planning Template

• This document is a template for tracking and planning inventory or production over a period of time.
• It includes sections for entering data related to requirements, receipts, inventory levels, and planned orders.
• It is organized by item and period (week, day).

Key Components

• Lot Size: Specifies the quantity of an item to be produced or purchased in a single order or production run.
• Lead Time # of Periods: Indicates the amount of time required to receive or produce an order, measured in periods (e.g., weeks, days).
• On Hand: Represents the current quantity of an item available in inventory.
• Low-Level Code: A numerical code assigned to an item based on its position in the bill of materials, used for prioritizing planning and scheduling.
• ITEM ID: A unique identifier for each item being tracked.

Demand and Supply Elements

• Gross Requirements: The total expected demand for an item in a specific period.
• Scheduled Receipts: Orders that have already been placed and are expected to be received in a specific period.
• Projected on Hand: The estimated inventory level at the end of each period, taking into account gross requirements and scheduled receipts.
• Net Requirements: The actual quantity of an item needed in a specific period after considering available inventory and scheduled receipts.
• Planned Order Receipts: Orders that are planned to be received in a specific period to meet net requirements.
• Planned Order Releases: The point in time when a planned order needs to be released (i.e., initiated) to ensure it is received on time, considering the lead time.

Period Tracking

• The template allows for tracking data across 14 periods, labeled "1" through "14", with the specific unit being "Week, Day".
• A summary column is provided to write general notes.