The Advanced Reorder and Minimum order quantity is defined based on dynamic consumption pattern.
To specify advanced Reorder Levels,
Go to Gateway of Tally > Inventory Info. > Reorder Levels
When you select the Stock Group under the Reorder Levels menu, the Simple Reorder Levels screen will be available, by default. To view Advanced Reorder Levels screen, press Alt+R or click on R: Adv Reorder from the Button Bar.
The Advanced Reorder Levels screen appears as follows:
In the same way, press Alt+M to view Advanced Minimum Order Quantity screen, or click on M: Adv Min Qty.
The Reorder Levels screen with advanced parameters will appear as shown:
The above configuration helps in calculation of Reorder Level/Order quantity based on the total consumption in the past for a given period.
Reorder Quantity
Reorder Quantity is the quantity which has to be maintained in stock at any given point of time and if stock goes below the re-order quantity, order has to be placed for the same.
Ex: Reorder quantity is set to 10 numbers, and if the stock balance comes to 9 numbers then the order has to be placed to match the re-order quantity limit.
Enter the level/quantity in the Reorder quantity field.
You can select consumption for various periods viz., Days, Weeks, Months & Years. Here, in this case, it not the average consumption for a period but the total consumption. Enter 0 (Zero), if you do not wish to calculate the reorder level based on the consumption in the past.
You can choose, whether the consumption is higher or lower i.e., input /calculated level/quantity.
This indicates the minimum quantity that has to be ordered in each order raised for that stock item, even though the required quantity is less than the minimum re-order quantity.
Example: Reorder quantity is set to 10 numbers, and minimum reorder quantity is set to 15 numbers and if the stock balance comes to 9 numbers then the order has to be placed for minimum of 15 numbers and nothing less than that can be ordered even though minimum stock to me maintained is only 10.
Specify the minimum order quantity required based on dynamic consumption pattern.
You can select consumption for various periods viz., Days, Weeks, Months & Years. Here, in this case, it not the average consumption for a period but the total consumption. Enter 0 (Zero), if you do not wish to calculate the reorder level based on the consumption in the past.
You can choose, whether the consumption is higher or lower i.e., input /calculated level/quantity.
The options available in the Advanced Reorder Levels screen are as follows:
R : Simple Reorder
Press Alt+R to toggle to Simple Reorder Levels screen.
M : Simple Min Qty
Press Alt+M to toggle to Simple Minimum Order Quantity screen
Specifying Simple Reorder Levels and Minimum Quantity
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