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#VEXACORE FINALE INVENTORY FULL#

With no incoming PO shipments or open sales, the Available to Promise value (Avail = QoH + Incoming PO Shipments - Committed Sales) is also 10 units. In this example, we are also setting this product to have 10 units on hand (QoH). See reordering fields configured in the example above. We are also saying we place an order every day with the supplier (processing time) and the supplier takes 2 weeks to ship to us (supplier lead time).

#VEXACORE FINALE INVENTORY FULL#

Finale would then ALWAYS round up into a multiple of 12, so you can order full packs from the supplier.įor this example, we are looking at the last 30 days of sales to forecast out for the next 30 days. For example, if your supplier only ships you cases of 12, you would use "12" in this field. Reorder in Quantity Of: Use this field to specify any pack sizes.Reorder Point Max Calculated: Based on the days of inventory set, this is your ideal stock level to cover the specified number of days.Once you fall below this number, the product will be included in the reorder report and reorder screen as needing to be replenished. Reorder Point Calculated: This is the quantity Finale calculates based on all of the fields input.

For a month's supply, for example, you would enter "30" for 30 days. Days of Inventory: How many days of sales you'd like to forecast for when you're ordering.Usage Growth % per year: Enter the anticipated yearly product growth here.If you do not want to wait until the very last minute to reorder inventory, add a value here to add additional days of inventory to the minimum quantity. Safety Stock Days: This adds a pad to the minimum quantity on hand.This is the number of days from creating a PO until the shipment is delivered to you from the supplier. Supplier Lead Days: This is derived from the section immediately above Reordering (the Purchasing section) and is pulled from Supplier 1 Lead Days.For example, if it takes a week to receive a shipment in full after it's delivered, you would enter 7 for processing days. Processing Days: How long does it take to receive the shipment into inventory once it arrives from the supplier.Consumption Velocity: Based on the calculation method time period, this is the average daily sales for the product at this location.

Calculation method time period (days): Number of days in the past Finale uses to calculate the daily sales average (Sales Velocity).

The reordering section (below) is configured as follows: Where: Total Lead Time (days) = Processing Time (d) + Supplier Leads Days (d) + Safety Stock (d) Reorder Qty = (Total Lead Time x Consumption Velocity) * Growth Rate Adjustment The reorder qty calculated is calculated with the following formula: Leveraging the sales velocity of a product, Finale will automatically calculate dynamic reorder points based on your inputs - supplier lead time, desired safety stock, and expected sales growth - to make smarter, faster, purchasing decisions. Note: Before learning about this advanced feature, we suggest you first review the general ' Reordering 101' Help Article.įinale dynamic reordering takes the guesswork away and gives you all the tools necessary to make smart purchasing decisions. And if you only tally up your numbers on a weekly or monthly basis, missing the reordering point becomes a more likely possibility. As you start selling more and more, across additional channels, manually recording every sale becomes an exhausting and time-consuming task. Keeping tabs on how much you’ve sold every day is straightforward when you’re selling on a single sales channel. Setting your reorder point to the optimum amount lets you cut down on excess spending while ensuring you’ll have enough stock for your customers even when things take an unexpected turn. Planning reorder points are a crucial part of inventory management.