Difference between revisions of "How do I View or Amend my Stock Optimisation Settings?"
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== Summary == | == Summary == | ||
Stock Optimisation is used to calculate your stocking requirements. The settings you enter will help the system to calculate your Maximum and Reorder levels to ensure you hold the most accurate levels of stock when running a [[How do I Run a Reorder Report?|reorder]] report. | Stock Optimisation is used to calculate your stocking requirements. The settings you enter will help the system to calculate your Maximum and Reorder levels to ensure you hold the most accurate levels of stock when running a [[How do I Run a Reorder Report?|reorder]] report. | ||
== More Information == | == More Information == | ||
| − | + | Go to {{Menu|{{RP}}|Maintenance Options|System Administrator|Platinum Settings}}. | |
* Select {{ST}} from the {{DataPrompt|Module}} drop down menu. | * Select {{ST}} from the {{DataPrompt|Module}} drop down menu. | ||
| − | * In {{DataPrompt|Search on}} type {{DataValue|OPT}} and click {{Button|Search}}. | + | * In {{DataPrompt|Search on}}, type {{DataValue|OPT}} and click {{Button|Search}}. |
* The current settings are shown in the {{DataPrompt|New Value}} column. | * The current settings are shown in the {{DataPrompt|New Value}} column. | ||
| − | * To alter a setting select the line and click {{Button|Edit}}. | + | * To alter a setting, select the line and click {{Button|Edit}}. |
* Enter the new value and click {{Button|OK}}. | * Enter the new value and click {{Button|OK}}. | ||
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=== Min/Max Stock (Days) === | === Min/Max Stock (Days) === | ||
| − | These settings specify how many days worth of stock you would prefer to hold e.g.enough to last between 7 and 21 days. | + | These settings specify how many days worth of stock you would prefer to hold, e.g. enough to last between 7 and 21 days. |
=== Average Sale (Days) === | === Average Sale (Days) === | ||
| − | To | + | To calculate the average sales over a period, you can specify a number of days to use e.g. if you want to make sure you stock items that sell at least once every 30 days then you would enter {{DataValue|30}} here. |
=== Stock History and Trends === | === Stock History and Trends === | ||
You may specify how many years history to use when calculating your ideal stock levels. | You may specify how many years history to use when calculating your ideal stock levels. | ||
| − | The trends that occur over the period can be taken into account e.g. increased sales of clothing over the summer months or increased sales of service parts over the winter months. | + | The trends that occur over the period can be taken into account, e.g. increased sales of clothing over the summer months or increased sales of service parts over the winter months. |
=== Erratics === | === Erratics === | ||
You may exclude erratic sales and specify the percentage sales quantity which you would deem an erratic sale. | You may exclude erratic sales and specify the percentage sales quantity which you would deem an erratic sale. | ||
| − | Enter as a percentage how much larger than normal the quantity sold has to be to qualify as erratic e.g. 500%. | + | Enter as a percentage how much larger than normal the quantity sold has to be to qualify as erratic e.g. {{DataValue|500%}}. |
=== Lead Times === | === Lead Times === | ||
| − | To take into account supplier lead times this should be set to {{DataValue|Yes}}. This will ensure | + | To take into account supplier lead times, this should be set to {{DataValue|Yes}}. This will ensure your order levels are set high enough to cover the gap between sales and deliveries. |
| − | To exit this screen click {{Button|Done}}. If you have made any changes these will be summarised on screen. | + | To exit this screen, click {{Button|Done}}. If you have made any changes, these will be summarised on screen. |
* Click {{Button|Accept}} to save your changes. | * Click {{Button|Accept}} to save your changes. | ||
Revision as of 17:32, 4 November 2016
Contents
Summary
Stock Optimisation is used to calculate your stocking requirements. The settings you enter will help the system to calculate your Maximum and Reorder levels to ensure you hold the most accurate levels of stock when running a reorder report.
More Information
Go to " Reports & Settings Maintenance Options System Administrator Platinum Settings".
- Select Stock Control from the "Module" drop down menu.
- In "Search on", type 'OPT' and click [Search].
- The current settings are shown in the "New Value" column.
- To alter a setting, select the line and click [Edit].
- Enter the new value and click [OK].
The different options are explained below:
Min/Max Stock (Days)
These settings specify how many days worth of stock you would prefer to hold, e.g. enough to last between 7 and 21 days.
Average Sale (Days)
To calculate the average sales over a period, you can specify a number of days to use e.g. if you want to make sure you stock items that sell at least once every 30 days then you would enter '30' here.
Stock History and Trends
You may specify how many years history to use when calculating your ideal stock levels.
The trends that occur over the period can be taken into account, e.g. increased sales of clothing over the summer months or increased sales of service parts over the winter months.
Erratics
You may exclude erratic sales and specify the percentage sales quantity which you would deem an erratic sale.
Enter as a percentage how much larger than normal the quantity sold has to be to qualify as erratic e.g. '500%'.
Lead Times
To take into account supplier lead times, this should be set to 'Yes'. This will ensure your order levels are set high enough to cover the gap between sales and deliveries.
To exit this screen, click [Done]. If you have made any changes, these will be summarised on screen.
- Click [Accept] to save your changes.
See also
- How do I Run a Reorder Report?
- Adding a Reorder Level to a Stock Code
- Adding a Maximum Level to a Stock Code
- How do I Set Maximum and Reorder levels on Stock?
