Bar Chart: Function of a Variable for Visualize Relationships With Inventory Carrying Costs

Use Bar Chart: Function of a Variable to visualize a function of inventory carrying cost by one categorical variable.

This example applies to the Supply Chain Module. For more information, go to www.minitab.com/supply-chain-module.

Example

Inventory carrying cost is all the expenses related to the storage of unsold goods. You can record inventory carrying costs as a dollar amount or as a percentage of total inventory over a time period.

In this worksheet, Carrying Costs is the graph variable. Auto Purchase Order is the categorical variable.

C1	C2-T
`Carrying Costs`	`Auto Purchase Order`
38	No
22	Yes
36	No
35	No

How-to

Choose Solutions Modules > Functions > Supply Chain KPIs, then select Launch.
Under Costs, select Inventory carrying cost.
Select Visualize relationships with inventory carrying costs, then click OK.
Select Bar Chart: Function of a Variable, then click OK.
From Function, select the function of inventory carrying cost that you want to graph.
In Graph variables (desktop app) or Y-variable (web app), enter the column that contains the inventory carrying costs.
In Categorical variable, enter the column of categorical data that defines the groups.
Click OK.

Tip

For more information about this analysis, click Help in the main dialog box.