Forecasting

Forecasting data updates monthly for plastic inventory. New plastic inventory will begin populating fields following a full month of production usage. Forecasting requires seven months of plastic inventory data for complete estimates.

Notifications will be sent every Tuesday when inventory drops below seven months, and notifications will discontinue once an action is taken. When inventory reaches zero, email notifications will stop.

Field Descriptions:

As Of: The date that forecasting data was calculated. Forecasting is calculated on a monthly basis.

Est Months Remaining: This calculation is utilized to provide an estimate based upon your previous usage and your known reissues. The calculation makes some assumptions that your upcoming 8 months of reissues will have similar daily volume (Lost/Stolen and new account) based upon your history.

How We Calculate Estimated Months Remaining

Please keep in mind that this value is only an estimate and it is up to your financial institution to monitor and manage stock. The estimate considers your program’s consumption and uses assumptions based on inventory management best practices and historical data.

To calculate the estimate, CO-OP takes into account your historical usage and upcoming reissue information and compares it to your current on-hand stock. If your estimate is over 36 months, we will display that your Estimated Months Remaining is “Over 3 Years.” Should your information not have enough historical or upcoming reissue information to populate data, we will display “N/A.”

Note: This information does not take into account mass reissues or any other market forces that cannot be forecasted based upon historical and upcoming usage information.