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This is a sophisticated but powerful tool designed for importers. The program’s report evaluates each item’s past sales history on either a ‘weighted average’ or ‘seasonal average’ basis (you decide which), per item. Using that evaluation, the program determines each item’s days of surplus and expected usage, taking into consideration: lead time; order cycle; current customer orders; open purchase orders; minimum allowable reorder quantity/lot sizes; and inventory on-hand count. Finally, taking all of that information into account, the program makes a recommendation as to how many of each item you should be reordering, and by what date. This is a must-have for the importer who needs to make critical purchasing decisions where past historical data (even ‘seasonal’ history) should be considered when answering the question: How many should we be ordering now?
"Suggested Order Report" is part of the Oak Street line of products, developed by Industrious Software.