Hey all!
I've got an issue I'm trying to wrap my head around. At the moment we manually do all of these calculations, but if we could create a formula to do this it would definitely streamline our process!
At my work we have a spreadsheet we use to calculate estimated current prices of our supplies. This is based mostly off of quantity, and years since last order.
The way it works is we have a Historical (last used) price and quantity. from there we adjust it to reflect a more accurate current price.
In general, every year our supplies get 3% more expensive, so the further back our last order was, the more we'd have to compound that 3%. We round our years, so if the last order was placed on 6/7/16 then as of 5/2/18 it's still only counted as 1 year.
Furthermore quantity ordered plays a huge part, for every time we order double from the last order, we get a 7% Discount. So if our last order was 10, and now we're buying 80, that would be a discount of 21%.
Conversely, every time we order half our last order, we are charged an extra 7%
What I have to work off of is: Historical Price, Historical Quantity, and Targeted Order Quantity. Trying to estimate the appropriate Current Price taking into account the 3% annual increase, and 7% increase or decrease depending on order quantity.
Any help is greatly appreciated,
Thanks in advance!!!!![]()
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