Too much stock

                Stock gets old. It becomes unsaleable and obsolete

                Too much money tied up, can’t introduce new lines

                Not enough Space on the shelf for more profitable products

Not enough Stock

                You lose business

                Freight costs escalate

                Customer Order Fulfilment reduces

 

Solution: Get your re-ordering right by constantly monitoring and adjusting your reorder levels

Seems like a mammoth task for 10-20,000 product lines ?

It’s easier than you think, and spending a little time on your data, will pay off handsomely.

How?

Peach V12 can create and save very granular reorder Algorithms, which once created, can be recalled and tweaked in minutes.

Scenario: Filter down to some fast-moving products which have a medium lead time using Supplier, Group, Subgroup, brand and the category. (note that category can be generated by the software based on performance) Once you have your filters selected determine the “Averaging period”, this may be anything from 1 to 24 months. It scans the sales history of the product from the given period. Then choose the stock coverage… This range of products may take 2 weeks to deliver, so you may want to keep a minimum of 2 weeks in stock and a maximum of 4 weeks. This way if the stock hits the minimum level during the month you still have enough to last until the next delivery arrives, however if you’re doing a monthly order, you’ll probably want to get 4 weeks’ worth to reduce delivery charges. Now that your happy with the levels created save this Algorithm and give it a name so you can come back and tweak it as required. Now when you generate a reorder for that supplier the reorder levels for the products in this algorithm will be used.

This will save you hours of work, loads of cash and happier customers.

 

When ordering you have the option of

Below Min up to Min
Below Min up to Max
Below Max up to Max
Replace sales for a set date range e.g. last 7 days
Fill Customer Orders Only

If your products need to be Grouped, Peach Software can assist with this as well. Check out this video

Poor Stock Control can Cripple your business