The most important question for any business is – when you need to start placing orders to replenish your stock. This is exactly what DataQlick is doing. It calculates Sales average for each product and it accounts for shortages or overages in inventory on hand. One thing that you can agree with: NO ONE HAS A […]
View of the forecast purchases is on Inventory/Forecast page. Recommended replenishment quantities of products are in monthly buckets for forward looking 6 months. At this moment there is only one BASE being used Standard. In the future we will be adding ability to visualize the BASE patterns and change them on each product level. User […]
Yes. Forecasted purchase recommendations are calculated daily once per day. Any changes to forecast of Recommended Purchases will be driven by changes in sales and changes in Lead Times + Safety Stock. Its numbers recalculated daily (once per day). How helpful was this article?
The only configuration for forecast settings now available to user is Reorder Lead Times configurations. And even that – DataQlick system provides default settings for it. Read more about Reorder Lead Times here: http://www.dataqlick.net/how-system-dataqlick-sets-reorder-levels-reorder-points-for-my-product/ How helpful was this article?
DataQlick at this moment does not provide controls and configurations for management of forecast BASE (formula to calculate exponential monthly average). We will prepare to release this option in the future. However, you want to use your own formula to establish Base for each item please contact us. How helpful was this article?
If you are a manufacturer, wholesaler, or retailer and have repetitive orders of the same products, you have undoubtedly asked yourself at what stock level you need to replenish your inventory. The goal is to reduce inventory levels while being able to fill most of the orders that come through the door. Accurately predicting future […]