Is there a way to implement the Newsvendor algorithm in DOMO?


A client has requested a report which shows a forecast of sales vs inventory for a given time period.
What they're going after is Inventory Optimization. This is usually done using the Newsvendor Model
Does anyone know how this can be implemented in BeastMode? 

Thanks in advance. 


  • laura_igl

    Anyone help out with this request?


  • Austin
    Austin Domo Employee

    Hey Andrew_Olton,

    Thank you for reaching out to Domo Support in regard to the Newsvendor algorithm. In order to assist you as much as possible, could you please elaborate on where this data is coming from? Is there a direct URL that you could provide to an example dataset within your Domo environment by chance?


    If this is considered a high priority, then please call our number and reference the following ticket number:


    Ticket: 05665917




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  • Andrew_Olton

    I haven't found a solution to this just yet. Thanks for getting back to me. I'd also like to ask, is there a way to implement the Excel's NORMINV function in BeastMode?

  • Jarvis
    Jarvis Domo Employee

    Only a select number of mathematical functions are currently supported in Domo, for quick reference they are listed here:


    As for implementing the Newsvendor Model or similar inventory metrics via a card, you could enter the calculation 'longhand' and utilize the same logic.