ACID Point of Sale Features and Capabilities
Ensure efficient inventory levels and avoid stockouts or overstock situations.
Control your product minimums and maximums when ordering new products for your stock. The minimum represents the threshold below which the inventory should not fall to avoid stockouts. The maximum is the upper limit to prevent overstocking. Maintaining optimal product minimums and maximums helps businesses meet customer demand while managing storage costs.
Auto reorders involve setting up a rule where when the inventory of a product reaches its minimum level, an automatic reorder or replenishment process is triggered. This involves generating purchase orders or production orders to restock the product. Automated reorders help streamline the supply chain by reducing manual intervention and ensuring that products are replenished in a timely manner to avoid stockouts.
Min and Max stock controls helps in:
Monitoring: The inventory management system constantly monitors the inventory levels of each product.
Threshold Detection: When the inventory of a product drops below its minimum threshold, the system identifies the need for replenishment.
Reorder Generation: The system automatically generates a reorder request, which could be a purchase order to a supplier or a production order for manufacturing.
Approval (if needed): Depending on the business process, the reorder request might go through an approval process before being sent out.
Replenishment: Once approved (if applicable), the reorder is sent to the supplier or the production team to restock the product.
Updates: Inventory levels are updated in real-time as new stock is received.