📦Replenishment with the Stock Cover Days (New Version)

How do I see the suggested reorder quantities? What is the day based threshold?

With the Day based threshold, you can set the minimum and maximum stock covers for your products. This way, our application will notify you when a product reaches its minimum stock level and tell you how many units you need to order to reach its maximum stock level. These minimum and maximum quantities will be calculated based on the daily updated forecast values. (You can access the details of the Forecast algorithm here.)

For example, you can set the Minimum Stock Cover Days to 10 and the Maximum Stock Cover Days to 30. We will send you an email when the inventory of a product reaches 10 days of stock or less. We calculate the order quantity by subtracting the current inventory from 30 days of stock

This means that if the daily forecast for a product is 2, you will receive an email when the inventory level of this product is 10 * 2 = 20, and we calculate the reorder quantity as 30 * 2 = 60 minus the current inventory.

Do you have a lead time?

If you have a lead time for a product, you should consider lead times when setting minimum stock cover days. Our suggestion is to define minimum stock cover days as lead time + safety stock time. For example, if the total lead time is 14 days, you can add 6 days of safety stock time for that product, and you can set the minimum stock cover days to 20 days.

How often do you want to place orders?

When setting the maximum stock cover days, you can consider how often you want to place orders. For example, if you want to place orders once a month, you can calculate the maximum stock cover days by adding 30 days to the minimum stock cover days. Continuing from the example above, if the minimum stock cover days are 20, and you want to order monthly, you can set the maximum stock cover days to 20 + 30 = 50 days.

How can I use day based threshold?

To use this feature, you first need to create an alert. You can create an alert by clicking the "Create alert" button on the List Alerts page.

• First Tab: Filter and Input Thresholds

In this tab, firstly, you can specify the products for which you want to receive notifications. If you want to work with specific groups of products, you can choose them by clicking the "Add Filter" button.

If you want to work with all products, you can proceed without making any selections.

Secondly, you should choose "Day" option as "Threshold Type" and enter the values for Minimum Threshold (Minimum Stock Cover Days) and Maximum Level (Maximum Stock Cover Days). If you don't want to receive order suggestions, setting only the minimum threshold value is sufficient.

Based on the minimum and maximum stock cover days you enter, you can see how many units of stock are calculated for each product in the table in this tab.

• Second Tab: Frequency

In this tab, you can make choices about how often you want to receive notifications.

• Third Tab: Notification

In this tab, you can select notification channels, recipients, and customize the notification content. Finally, after making these selections, you can create the alert by clicking the “Submit” button.

How can I see the reorder quantities?

After creating the alert, you can view low stock items that match your alert criteria and the suggested reorder quantities for them by clicking the Bell🔔 icon on the List Alerts page.

Additionally, if you wish to test the type of notification you will receive, you can trigger the email/slack notification by clicking the Run Now▶️ icon under the alert name on the same page.

Additionally, you can find other reports under the Reports tab in the left sidebar that are designed to support your analysis and day-to-day operations. For further details, please refer to Reports page.