Stock Replenishment

Stock Replenishment Types

This type of replenishment will help give you a visual overview of your stock as well as to provide a quantity that should be purchased when making a purchase order. Inventory replenishment takes into consideration the following factors when providing a quantity forecast:

To utilize inventory replenishment within your SKUSavvy account you can go into a warehouse > inventory > stock replenishment. If you have not set par values for any inventory items this table will look empty so in this guide you will learn how to fill it up!

If stock is in a backordered state or sales velocity indicates you will run out, SKUSavvy will make suggestions automatically without needing to turn on stock replenishment par values

Bin to Bin Replenishment

Note that stock replenishment is different from bin to bin replenishment. Bin replenishment refers to the process of rebalancing inventory across two or more bins that contain the same item. For instance when you have pallets stored and singles stored of one item and you plan to replenish the pick bin from your pallets.

To turn on bin replenishment for your account head into your company configuration settings and go down to 'Inventory' and turn on bin to bin replenishments.

Set Up Par Stock Levels

Anytime you add new inventory to a warehouse this inventory can be enabled with stock par values which is your minimum desired inventory level and maximum desired inventory level for any given item. Once you click into an inventory item from the inventory table you can scroll down to 'Replenishment' and turn the setting on for the item.

• 1) Select an inventory level within any given warehouse or you can simply

• 2) Scroll down to view and turn on 'Automated Replenishment'

• 3) Set a minimum par value and see the current inventory level

• 4) Set a maximum par value for the inventory item

• 5) Set a default lead time (this will adjust and become more accurate as you make purchase order within SKUSavvy)

View Stock Replenishment

Once par values are set on inventory items you can view your inventory ranges from the stock replenishment tab under a warehouse > inventory > stock replenishment.

• 1) Search for and filter products and their replenishment range

• 2) Average sales per day

• 3) Red par value range indicating the current stock quantity is below your desired level

• 4) View order history and inventory history over the last quarter

• 5) In range product showing low par value on the left, max par value on the left and the current stock value in the middle

• 6) Edit the replenishment level for a given product

Automate Purchase Orders

Once you have set up par values for your inventory, SKUSavvy can use these to suggest a quantity during the purchase order creation process. Assuming  you already have vendors assigned to variants, when you go to create a purchase, any item with par values set will show a suggested quantity. This can be adjusted or ignored.

Set Up Bin Replenishment

To set up bin replenishment you will need to find the inventory item within a warehouse and click into it. On the bin locations for that inventory item (must have more than one bin with stock) you'll need to set up a minimum quantity for both bin levels then create the bin adjustment.

You must have the same stock item in more than one bin location to create a replenishment rule.

• 1) Create bin replenishment which pulls up a modal

• 2) Bin from/to selection (requires two or more current bin locations for the inventory item)

• 3) Set up a new capacity level on bins +/-

• 4) Open the item location capacity by tapping on the caret icon

• 5) Set the minimum capacity and max capacity of the bin for this inventory item. If a replenishment is set up to come in, the replenishment will trigger when inventory in this bin goes below its minimum

Run Bin Replenishments

When you've set up bin to bin replenishments for inventory items, you'll be able to view all and take action on the replenishments required.

• 1) Click into your inventory > bin replenishments

• 2) Showing bin transfers that need to be made

• 3) Showing the from bin and quantity available

• 4) This is the bin to transfer inventory into as well as the current and min required quantity

• 5) Button to initiate the transfer

• 6) Table with existing replenishments that are currently within range

7) Select the bin you are transferring to (pre-selected) or you can scan the bin
8) Enter the quantity you are transferring

Savvy Support

Click the Savvy Support Chat icon in the bottom right of this page to ask all your SKUSavvy questions.