Stock Forecasting DRP
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The Stock Forecasting or Distribution Requirements Planning (DRP) module provides built-in stock planning and replenishment tools designed to put you in control of your inventory levels and your spend on stock purchases. In summary, it provides the following features: Multi-Level Forecasts Definable Planning Calendar Multiple Forecast Plans Definable Demand Formula Automatic Forecast Build Inventory levels […]
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Inventory Control Stock Forecasting DRP System Manager
This function is used to maintain the Stock Replenishment system settings recorded for global use within the Inventory and Forecasting modules. The details entered here can be changed at any time during the use of Online Advantage. Replenishment Method Replenishment Method is used in the calculation of “replenishment point” in the Inventory Control and Forecasting […]
Inventory Control Materials Requirements Planning Stock Forecasting DRP
‘Replenishment‘ is the term used to describe the processes of ‘restoring’ or ‘filling’ an inventory item’s stock position to the level required to be able to satisfy on-going demand. We use the term in Online Advantage to cover the functionality provided in the system to assist in the management of the inventory position of each […]
Inventory Control Library Manufacturing Order Management Point Of Sale Purchasing Stock Forecasting DRP
Most Online Advantage Inventory transactions require the user to enter a product quantity. The entry of that quantity – and its associated data – can range from simple to complex. The degree of complexity is determined by how your business has decided to configure the system and the individual data elements like Products, Stock Locations, […]