Fleet fuel, Advanced
Spare Parts Inventory Cost Calculator
Estimate the working capital tied up in spare parts inventory and the carrying cost (storage, obsolescence, finance) per year.
Formula: annual_carrying_cost = avg_inventory_value_aed * carrying_cost_pct / 100; inventory_turns = annual_consumption_aed / avg_inventory_value_aed, when avg_inventory_value_aed > 0; days_of_stock = 365 * avg_inventory_value_aed / annual_consumption_aed, when annual_consumption_aed > 0
Estimate the working capital tied up in spare parts inventory and the carrying cost (storage, obsolescence, finance) per year.
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Formula
annual_carrying_cost = avg_inventory_value_aed * carrying_cost_pct / 100; inventory_turns = annual_consumption_aed / avg_inventory_value_aed, when avg_inventory_value_aed > 0; days_of_stock = 365 * avg_inventory_value_aed / annual_consumption_aed, when annual_consumption_aed > 0Use for estimation. Verify safety-critical calculations with qualified review.