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#FINALE INVENTORY HELP INSTALL#
#FINALE INVENTORY HELP FULL#
#FINALE INVENTORY HELP SOFTWARE#

Reorder Point Max Calculated: Based on the days of inventory set, this is your ideal stock level to cover the specified number of days.

Once you fall below this number, the product will be included in the reorder report and reorder screen as needing to be replenished.

Reorder Point Calculated: This is the quantity Finale calculates based on all of the fields input.

For a month's supply, for example, you would enter "30" for 30 days.

Days of Inventory: How many days of sales you'd like to forecast for when you're ordering.

Usage Growth % per year: Enter the anticipated yearly product growth here.

If you do not want to wait until the very last minute to reorder inventory, add a value here to add additional days of inventory to the minimum quantity.

Safety Stock Days: This adds a pad to the minimum quantity on hand.

This is the number of days from creating a PO until the shipment is delivered to you from the supplier.

Supplier Lead Days: This is derived from the section immediately above Reordering (the Purchasing section) and is pulled from Supplier 1 Lead Days.

#FINALE INVENTORY HELP FULL#

For example, if it takes a week to receive a shipment in full after it's delivered, you would enter 7 for processing days. Processing Days: How long does it take to receive the shipment into inventory once it arrives from the supplier.Consumption Velocity: Based on the calculation method time period, this is the average daily sales for the product at this location.Calculation method time period (days): Number of days in the past Finale uses to calculate the daily sales average (Sales Velocity).The reordering section (below) is configured as follows: Where: Total Lead Time (days) = Processing Time (d) + Supplier Leads Days (d) + Safety Stock (d) Reorder Qty = (Total Lead Time x Consumption Velocity) * Growth Rate Adjustment The reorder qty calculated is calculated with the following formula: Leveraging the sales velocity of a product, Finale will automatically calculate dynamic reorder points based on your inputs - supplier lead time, desired safety stock, and expected sales growth - to make smarter, faster, purchasing decisions. Note: Before learning about this advanced feature, we suggest you first review the general ' Reordering 101' Help Article.įinale dynamic reordering takes the guesswork away and gives you all the tools necessary to make smart purchasing decisions. And if you only tally up your numbers on a weekly or monthly basis, missing the reordering point becomes a more likely possibility. As you start selling more and more, across additional channels, manually recording every sale becomes an exhausting and time-consuming task. Keeping tabs on how much you’ve sold every day is straightforward when you’re selling on a single sales channel. Setting your reorder point to the optimum amount lets you cut down on excess spending while ensuring you’ll have enough stock for your customers even when things take an unexpected turn. With Finale Inventory’s third party integrations, it is easy to centralize all inventory related processes, such as tracking, purchasing, orders, warehousing and shipping to ensure that your inventory is always full and you don’t oversell.Planning reorder points are a crucial part of inventory management. Finale Inventory works well with many e-commerce platforms and shopping carts such as Magento, WooCommerce, eBay, and, as well as leading shipping applications like ShipStation and ShipEasy.

#FINALE INVENTORY HELP SOFTWARE#

Finale Inventory, once set up, runs silently on the background in terms of updating your software or storing your data without your doing anything.įlexibility is a must for business solutions and Finale Inventory gives users just that with its massive integrations with many business systems and applications.

#FINALE INVENTORY HELP INSTALL#

One of the most obvious benefit Finale Inventory brings to the table is that there is no need to install a software on your computers and servers, worry about outdated applications, or archiving data. This comprehensive and robust inventory management software gives businesses the edge to help them with their inventory-related processes and functions by streamlining workflows, monitoring stock movements, and keeping users updated on changes and developments on their inventory among others. For those in need of such as system or is graduating from a basic inventory management solution, Finale Inventory is worth your consideration. For both growing businesses and large and established enterprises, running a reliable inventory management is an imperative.