How to set reorder points and see what to restock
Step 1: Set the reorder point
Edit the product and open the Inventory tab. For each branch, enter the Reorder Point - the stock level at which you want to buy more. Save the product.
Step 2: Open Restock
Open Products > Restock. At the top is today's Daily Profit Summary and a restock budget (filled in from today's cost of goods sold - change it if you like).
The Daily Restock List shows how many items are out of stock and low stock, and for each product: its stock, how fast it sells (velocity), how long the stock will last (coverage), a Suggested quantity to buy and the cost.
Step 3: Order it
Use the list to create a purchase order straight from the suggestions, or create one yourself - see How to create a purchase order.
Good to know
- Choose Budget-Based to fit the list to the money you have, or Coverage-Based to keep enough stock for a number of days.
- Sort the list with Priority, for example best sellers first.