The Quantity to Replenish feature in One Page Inventory is designed to streamline the restocking process by offering precise replenishment recommendations that are customized to your inventory needs.
This feature uses a clear and effective formula that combines key factors like Projected Sales, In-Stock Inventory, and Case Pack Adjustments, helping you maintain optimal stock levels and avoid costly stockouts or overstock situations.
The replenishment process starts by determining the Days Required, which is based on your lead time and the desired stock days you want to maintain. These settings can be adjusted easily in the Replenishment Work Mode, where you can modify individual SKUs or apply batch updates for multiple SKUs at once. Setting the right days required ensures you have enough inventory on hand to meet demand while accounting for restocking times.
Next, Projected Sales are calculated by multiplying your Sales Velocity (how quickly products sell) by the Days Required. This gives you an estimate of the total sales expected for the given period, providing a clear picture of how much product you’ll need.
From there, the system calculates the Replenishment Quantity by subtracting your current In-Stock Inventory (which includes available stock, processing stock, transfer stock, inbound stock, and any additional stock) from the projected sales figure. This calculation helps ensure that you order just the right amount to avoid both stockouts and excessive inventory.
Finally, One Page Inventory adjusts the recommended quantity to align with your supplier’s case pack requirements. This adjustment ensures that your orders are efficient, reducing waste and improving the ordering and shipping process.
With these calculations and insights, One Page Inventory helps you make smarter, more informed inventory decisions. This results in a smoother restocking process, reduces the risk of overstocking, and ensures that you have enough product on hand to meet customer demand.
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