Stock Quantities & Calculations |
Top |
Terms |
Description of terms used. |
In Stock (On Hand) |
Number of items in the shop. |
Reorder Level |
When the stock item reaches this level you must reorder it. Set in the Stock Main Form. You can set the Reorder Level to the Average Sales values in the Purchase Planing form. Select the More button on the Menu Bar |
Additional Order Quantity |
The quantity that you specified must be ordered. This value will be displayed in the Purchase Planning Form. and is set in the Stock Main Form > General Tab |
On Order |
Items that are on order from the suppliers. |
Reserved |
= Allocated item quantities on Sales Orders and Job Cards |
Confirmed Demand |
= Total item quantities on Sales Orders and Job Cards This is the quantity you need to fulfill all sales orders and job card requirements |
Available |
= In Stock - Reserved Quantity available to sell. |
Stock Shortfall |
= Confirmed Demand - (In Stock + On Order) A positive quantity means that you can't fulfill your current orders. |
Suggested quantity: This is the quantity that SI+ predicts you must order, taking maximum levels, minimum levels, lead time, and days until the end of the month into account.
See also Purchase Planning.
Quantity to order |
Use either of these two, depending on your trust in the figures. |
SQty.NoR (using your own values) |
If the In-Stock - Sales Orders - Reorder Level is less than or equal to 0, then the quantity will be calculated as follows: SQty.NoR = Reorder Level - In Stock - On Order + Confirmed Demand Otherwise, the calculation will be as follows: SQty.NoR= Reorder Level - In Stock + Additional Order Quantity - On Order + Confirmed Demand
|
SQty.R (as predicted by SI+) |
Quantity to order using linear regression techniques. Suggestion Regression (SQty.R) = Next Sales + Confirmed Demand - On Hand - On Order |
