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

Andrew_Olton
Andrew_Olton Member
in Archive

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. 

Comments

  • laura_igl
    laura_igl Member

    Hi,
    Anyone help out with this request?

    Thanks,

  • Austin
    Austin Member

    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

     

    1-801-805-9505

     

    Have you been looking for a 1-stop shop for all your support cases? This message and all updates to this case can be tracked in the Customer Portal at support.domo.com. This portal makes it easy for you to track, update, and create all your support cases!

     

    - Domo Technical Support

  • Andrew_Olton
    Andrew_Olton Member

    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 Contributor

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

    http://knowledge.domo.com?cid=beastmodereference

     

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

    Thanks!

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