The most common way to calculate the reorder stock level is: Reorder level
= Average daily usage rate x lead-time in days.
The predetermined threshold level and reorder level
are considered to percentage of replenishment quantity 'Q'.
When the empty carton stock level drops below a reorder level
a kanban is sent to the raw material store to bring a batch of cartons.
Intelligent Business Systems also provide for regular rolling stocktakes to help identify and discourage theft; add dimensions and size to product masterfiles to reduce opportunities for false freight charges; record stock reorder levels
to control quantities ordered; track product transfers between locations to limit opportunities to pilfer stock in transit; include reports to show stock being written off without authority; let you mark redundant or obsolete stock as inactive to limit operator access; and highlight sales being made to inactive customers before stock is moved from the warehouse.
The company also said that despite the good snow conditions in most of the important winter sports markets during December, last year's reorder levels
of winter sports equipment remained low.
Our standard reports not only provide information on the current stock situation, but give analysis of usage--down to individual machine tool level if necessary--enabling us to continually build information so the optimum reorder levels
can be specified," he adds.
Inventory Manage reorder levels
, costs, locations, and the finished products that are related to each inventory item.
A Teradata DCM customer since 2000, TWL's system determines the optimum stock and reorder levels
for the majority of products the New Zealand retailer sells - taking into account variables such as seasonality and special promotions.
We are confident that over time our direct sales force will allow us to identify accounts not currently carrying Boyds while at the same time improving our reorder levels
and merchandising with existing accounts.
The next few months will be an important period for all of our brands, with reorder levels
determining the success of our wholesale businesses.
Sales of Sperry Top-Sider products in the latest quarterly period fell 13% as reorder levels
were below last year and conditions continued to be very competitive in the men's boat shoe market.
Essentials programs continue to be strong with new door openings and reorder levels