Configure all product purchasing preferences

• Box Quantity Forecasted reorder quantities will round up to the nearest interval. For example, a product has a box quantity of 6. If the suggested reorder quantity is 4, then Inform will round up and suggest a reorder quantity of 6. If the suggested reorder quantity is 7, Inform rounds up to a suggested reorder of 12.
• Min Stock Quantity Minimum Stock Quantity. The lowest quantity to keep stocked at all times. If the available inventory falls below this minimum, then the product is considered Critical and will appear on the Critical Inventory Report. Note: If higher, this value overrides the system generated Reorder Point, based on demand, lead days, and safety stock.
• Max Stock Quantity The highest quantity to keep stocked at all times. If the available inventory falls below this, the product will appear in Projected Purchase Order.
• Min P/O Order Quantity Minimum Purchase Order Quantity. The vendor's requirement of a minimum quantity that must be reached before the product can be purchased. Note that this does not round in intervals of this quantity, and should not be confused with box quantity. For example, a product as a Min P/O Qty of 100. If the suggested reorder quantity is 60, then the system will round up and suggest a reorder quantity of 100. Note that this can be used in conjunction with Box Quantities.
• Carton Quantity The number of items that comprise a carton.
• Pallet Layer Quantity The number of items that comprise a single layer in a palette.
• Pallet Quantity The number of items that comprise a pallet.
• Inner Dimension The size of the inner dimension of the product, such as the opening in a pipe. Numeric values only.
• Outer Dimension The size of the outer dimension of the product. Numeric values only.

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-These values are based on the purchasing Unit of Measure
-These values apply to all warehouses, unless overridden by the Warehouse Procurement options

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-Based on demand, Inform ERP will determine when the item is out of season.
-For example, air conditioning units will not be reordered during the winter months.

These options allow values to be set per Warehouse.

• Stock? Allows the Status of a product to be overridden by warehouse. You have the choice of Default, Yes, or No. Default means that the Status set on the Product's Main tab will be used. Yes means that the item is Active (stocked) in the selected warehouse. And No means the item is Non-Stock in the selected warehouse.
• Lead Days The number of days it takes to receive a product from the vendor. This helps determine a reorder point for critical inventory. Reorder Point Formula = [(Weekly Demand) x (Lead Days in weeks) + (Safety Stock)] For example: [(10 per week) x (2 weeks) +(20% safety stock)] = 24
• Safety Stock A reserve amount of stock. Used to determine a reorder point for critical inventory. If blank, this value defaults to 20%. Reorder Point Formula = [(Weekly Demand) x (Lead Days in weeks) + (Safety Stock)] (10 per week) x (2 weeks) +(20% safety stock) = 24

Note: Ignore the Forecast Formula for now as it is updated automatically. The Forecast Formula determines the reorder quantity for the Projected Purchase Order. During month end closeout, demand for the previous year is reevaluated on all recurring products. and the best formula (the one closest to actual demand usage) is applied automatically. It is possible to manually override a formula and prevent it from being updated, however, this is not recommended.

Note: By default, a recurring product is defined as stock products that have had demand in eight months out of the past year. This can be modified via the Forecast Parameters.

This option combines an existing item's demand and availability to a new replacement item. It is commonly used when a product is being discontinued and replaced.