Replenishment Action Report

During End-of-Day processing and during on-demand stock replenishment, the system identifies products in need of replenishment. It creates pending purchase orders (POs) for those products and places the POs on the Replenishment Action Report. On this report, the system has assigned a PO number and pulled all of the necessary purchase order information together for you.

You can analyze the Replenishment Action Report and decide which POs to edit, activate, and send to the vendor. For information on editing and activating POs, refer to Overview of Purchase Order Entry/Maintenance.

Note: You are not committed to order any product that appears on the Replenishment Action Report. It is merely a record of pending POs that you may or may not choose to activate (or maintain) to turn a PO into a buy.

The Replenishment Action Report is sorted by vendor, and each PO directed to a vendor is given its own PO number. Special items and non-stock items have their own section on the report, as well as stock cost override items. A recommended order amount is included for each item. Each pending purchase order is divided into five sections: (1) Items Below Safety Stock, (2) Items Below Reorder Point, (3) Items Below Line Point, (4) Items Above Line Point B/4 Price Increase, and (5) Special/Non-Stock Items. These sections or groups of products are displayed on each pending purchase order in the order of urgency to buy.

Two versions of the Replenishment Action Report are available:

Descriptions of the sections on the Replenishment Action Report

The Replenishment Action Report is divided into the following sections to help you determine the order of urgency to buy.

Descriptions of the columns and fields on the Replenishment Action Report

The following columns and fields are displayed on the Replenishment Action Report:

ABC Code: An ABC code indicates how fast a stock or temporary product moves in a warehouse. For example, if a product has a high turnover rate, then it is a fast mover. The ABC codes can be used to determine how much of stock product to buy and when to order to assure the right turnover.

You can use an ABC model to rank products based on average monthly usage during a rolling 12-month period in one or more warehouses. The system then assigns ABC codes to products based on those rankings. The ABC Model screen of the Purchasing tab is where you set up an ABC model. For more information, refer to Set up a new ABC model.

The System Configuration screen on the Vision Configuration tab is where you select an ABC model for a warehouse. For more information, refer to Specify ABC classification settings for a warehouse.

To learn how the system updates the ABC code and the other replenishment-related factors, refer to Overview of inventory replenishment.

Available Quantity = On-Hand Quantity - Backorder Quantity - In-Pick Quantity

Committed Quantity = Backorder Quantity - In-Pick Quantity

You can use reorder point (ROP) models to specify settings for calculation of the safety stock quantity. For more information, refer to Set up or modify reorder point calculations for an ROP model.

To learn how the system calculates and updates the safety stock quantity and other replenishment-related factors, refer to Overview of inventory replenishment.

The system's built-in calculation for reorder point takes into consideration that enough merchandise (usage) must be ordered to fill customer orders during the time required to get more stock (lead time); at the same time, a safety allowance needs to be included to ensure that minimum stock requirements are met.

You can use reorder point (ROP) models to specify settings for calculation of the ROP. For more information, refer to Set up or modify reorder point calculations for an ROP model.

To learn how the system calculates and updates the ROP and other replenishment-related factors, refer to Overview of inventory replenishment.

You can use reorder point (ROP) models to specify settings for calculation of the linepoint. For more information, refer to Set up or modify reorder point calculations for an ROP model.

To learn how the system calculates and updates the linepoint and other replenishment-related factors, refer to Overview of inventory replenishment.

To learn how the system calculates and updates the EOQ and other replenishment-related factors, refer to Overview of inventory replenishment.

To learn how the system calculates and updates the vendor review cycle and other replenishment-related factors, refer to Overview of inventory replenishment.

Sample Replenishment Action Report

Following is a sample of the Replenishment Action Report displayed from the spooler hold file:

Replenishment Action Report

 

Related Topics

Overview of Purchase Order Entry/Maintenance

Stock Replenishment on Demand

Overview of inventory replenishment

Glossary of inventory replenishment terms