Benefits of Suggested Ordering

• Runs you lean: Suggested ordering Ordering quantities calculated by Clearview to meet forecasted demand until the next supplier delivery date, without carrying too much inventory. calculates the build-to levels ensuring that you have just enough stock (and a buffer as per the Buffer Percent control) to tide you over to the next supplier delivery date. This means no more overstocking.

  Click here to learn how to change the buffer in Sales Yield Used interchangably with case yield, sales yield is a comparison of the item usage to sales for the period. Worksheet.

• Less spoilage: Running lean means you utilize all (or most) of your stock by the day the supplier will make the next delivery. The result, your stock is not stored for long and hence is less likely to spoil.

• Less labour required: With all your data in CLEARVIEW, you only need to use labour for your regular physical counts and CLEARVIEW does the rest. No more wasting labour hours tracking and performing additional physical counts just to place an order.

• Less time spent ordering: Creating an order is a simple process (available here) once you are set up.

Requirements:

Before you start using suggested ordering Ordering quantities calculated by Clearview to meet forecasted demand until the next supplier delivery date, without carrying too much inventory., there are a few things that need to be available and accurate in CLEARVIEW to ensure that this feature generates accurate figures:

• Counts performed on regular basis: You need to perform physical counts for your inventory on a regular basis. CLEARVIEW recommends a minimum of a weekly full inventory count, and mini inventory (hot item) counts can be performed more regularly.

• Accurate inventory reporting: The inventory reporting for your store needs to be accurate as suggested ordering Ordering quantities calculated by Clearview to meet forecasted demand until the next supplier delivery date, without carrying too much inventory. calculates usage based on this data.

  One way to know how accurate your inventory reporting is, is to check your variance report. The lesser the variance between the actual and theoretical count for each item, the more accurate is your reporting.

• A financial/product mix forecast: A forecast for the period up to the next delivery date The date on which the order after the one you are presently creating will be delivered. of the supplier will lend to the accuracy of the calculated build to's The stock level that must be met through purchases..

• The sales yield Used interchangably with case yield, sales yield is a comparison of the item usage to sales for the period. worksheet set up: The sales yield Used interchangably with case yield, sales yield is a comparison of the item usage to sales for the period. worksheet is required to calculate the case yield Used interchangably with sales yield, case yield is a comparison of the item usage to sales for the period. for select or all supplier products (more information is available in the next section).

  CLEARVIEW suggests that you should include at least the four last physical counts in the Sales Yield Used interchangably with case yield, sales yield is a comparison of the item usage to sales for the period. Worksheet. Four counts will provide sufficient data to iron out irregularities that may have occurred in a week.

  Click here to learn how to set up the Sales Yield Used interchangably with case yield, sales yield is a comparison of the item usage to sales for the period. Worksheet.

Suggested ordering comprises of two main aspects

1. Required inventory levels (Build to's The stock level that must be met through purchases.): You can choose between using Forecasted Case Yield Used interchangably with sales yield, case yield is a comparison of the item usage to sales for the period. for all your supplier product An inventory item in a package size available from a particular supplier. build to's The stock level that must be met through purchases. or revert to the default Forecasted Case Yield Used interchangably with sales yield, case yield is a comparison of the item usage to sales for the period. or Forecasted Product Mix set for each inventory item (click here to learn more).

2. Present stock levels (On hand The quantity of inventory items that you have available at your store.): You can choose between theoretical on hand and actual on hand as the present stock levels used for the calculations.

   • Actual On Hand: This method allows you to enter the present physical count, when creating the PO Purchase Order, for an accurate estimate of your inventory levels.

   • Theoretical On Hand: This method calculates the inventory on hand by starting with your last physical count and adjusting for sales (and sales assumptions), purchases, waste and transfers made since.

     The theoretical on hand is an advanced ordering option as it is only as accurate as the data entered into CLEARVIEW for your store.