The Reorder Point Calculator is a report like utility which helps you calculate and apply accurate reorder levels for your inventory. The Reorder Point is a fundamental inventory replenishment metric.
The Inventory reorder point in inventory management is the minimum stocking level for a specific product. When you reach that stocking level for the product, it’s time to order more. Setting an accurate reorder point allows you to continue selling the product while awaiting replenishment from your supplier.
Rule of thumb on the marketplaces: If you are out of stock, you cannot sell. With accurate reorder points for each product, you’ll always have sufficient stock available to fulfill your customer’s demand and avoid out of stocks on the Marketplaces.
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Checkout our YouTube video Reorder Point Calculator report found in Communique for Marketplaces for an in-depth look at how automating your business workflows and processes can help your business grow.
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