The actual process of creating requests for additional inventory is handled by a scheduled job that is set up in Job Schedule Management.
This POS Restocking job operates by default using the values that you set in the product catalog.
When the on-hand quantity of any retail item is less than or equal to the Minimum Quantity plus the Buffer Quantity, the scheduled job will create an inventory request. The number of the items ordered will be equal to the Maximum Quantity minus the On Hand Quantity.
Examples of how restocking is done with specific parameters set for
Max Quantity
The maximum on-hand quantity. By default, if an item is to be reordered, the amount reordered will be the Max Quantity minus the Quantity on hand.
Min Quantity
The minimum on-hand quantity. By default, if the on-hand count is less than Min Quantity plus the Buffer Quantity, the item will be reordered.
and
Buffer Quantity
Buffer is the number of units (per inventory status) set as the "inventory forecast number" added to the Min Quantity to provide an adequate stocking level to serve needs while the reorder process takes place.
Example 1
On Hand Quantity | = | 2 |
Minimum Quantity | = | 10 |
Buffer Quantity | = | 2 |
Maximum Quantity | = | 20 |
In this example, because the on-hand quantity (2) is less than or equal to the Minimum Quantity (10) plus the Buffer Quantity (2), the Schedule Job will create an inventory request. The request will be for 18 (20 – 2 = 18).
Example 2
On hand Quantity | = | 13 |
Minimum Quantity | = | 10 |
Buffer Quantity | = | 2 |
Maximum Quantity | = | 20 |
In this example, because the on-hand quantity (13) is more than the Minimum Quantity (10) plus the Buffer Quantity (2), the Scheduled Job does nothing.
See also: