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Jobisdone [24]
1 year ago
10

What formula below can be used to forecast inventory? (Inventory days / Cost of sales) x 365 (Inventory days / Revenue) x 365 (I

nventory days / 365) / Revenue (Inventory days / 365) x Cost of sales
Business
1 answer:
Bess [88]1 year ago
8 0

The formula that can be used to forecast inventory is: (Inventory days / Cost of sales) x 365.

<h3>What is Inventory forecasting?</h3>

Inventory forecasting can be defined as the process in which companies tend to make you of their past inventory data or information to estimate,  predict ad forecast the inventory they will need in the future and by doing this it prevent the companies from running of inventory.

Most companies tend to make use of Reorder level so as to avoid running out of stock.

The formula that can be used to forecast inventory is (Inventory days / Cost of sales) x 365.

Therefore the formula that can be used to forecast inventory is: (Inventory days / Cost of sales) x 365.

Learn more about Inventory forecasting here:brainly.com/question/21445581

#SPJ1

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