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Stock Analytics

How Tos (3)

You can find this section under Stock Control > Stock Analytics in the IRP Admin left navigation menu.

You use this section to estimate the costs involved in reordering stock and the potential profits available. You can also update sales velocities, reorder quantities and minimum stock levels. Note that all of the figures provide a rough estimate only. You can use the figures to adjust your targets.

The main Stock Analytics screen appears as follows:

Stock Analytics screen

The information bar at the top of the screen displays the following details:

  • Total Number Low in Stock: This provides an estimate of the number of items across all of your stock locations that are low in stock.
  • Cost To Reorder All Low in Stock: This provides an estimate of the amount that it will cost you to reorder all of your low-in-stock items across all of your stock locations.
  • Number Of Items Back Ordered: This provides an estimate of the number of items that are back ordered across all of your stock locations.
  • Cost Of Items On Back Order: This provides an estimate of the total cost of all of the items that are on back order.

The filter bar under the information bar displays the following filtering options:

  • Location: Select a stock location from the drop-down list.
  • Brand: Select a brand from the drop-down list.
  • Supplier: Select a Supplier from the drop-down list.
  • Low in stock only: Check this box if you want to view only low-in-stock items.


How To Guides (3)

To update reorder quantities and minimum stock levels, follow these steps:

  1. Prerequisite: If not already enabled, enable the Update Automatic Reorder Levels task type under Common Tasks > Add New Common Task (see the Common Tasks help topic). For accurate reorder estimation values you should also enable the Update Sales Velocity Common Task type.
  2. Go to Stock Control > Stock Analytics in the IRP Admin left navigation menu.
  3. Expand the Update Reorder Quantities and Minimum Stock Levels section:
  4. Update Reorder Quantities and Minimum Stock Levels section
  5. Enter these details:
    The stock reorder leeway time, in days.
    The default target days to sell stock, in days.
  6. Click the Update Reorder Quantities & Minimum Stock Levels button.

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