ATM Top-Up Forecasting

ATM Top-Up Forecasting

To forecast the frequency of ATM cash inventory top-ups, click on “Analytic Tools” and then “Top-Up Forecasting”.  Select the ATM machine for forecasting.  Select the “Service Level” and “Lead Time”.  Enter the number of days to run the simulation.  Then click “Simulate”.  (Note: Only the ATM machines created by the logged in user will appear in the selection list box.)

Figure 6.7a – Top-Up Forecasting Inputs

A “Simulated Withdrawal Chart” will be displayed, which shows the simulated number of cash withdrawals of $10 notes and $50 notes over the selected time period, along with the computed frequency of top-ups and the top-up dates.  The example shown here for ATM ID 8, is that to achieve a 90% service level (the machine has enough cash inventory 90% of the time), and giving the ATM top-up provider 2 days lead time (notification), then the provider should schedule a top-up of that ATM machine on the 4 dates given in order to achieve the 90% service level.

Figure 6.7b – Top-Up Forecasting Result

Note this is only a simulation.  Ultimately, the top-up forecasting can be made more precise based on actual historical data from the ATM usage statistics.

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