Replenishment Guide
A Step-by-Step Guide to Effective Inventory Replenishment with Assisty
From setting up essential parameters to generating comprehensive reports and interpreting the results, this guide will lead you through the entire process of effective inventory replenishment with Assisty Getting Started What does Assisty specialize in? Assisty is Empowering Shopify Merchants with Intelligent Inventory Optimization and Replenishment Strategies. The Challenge: Balancing Product Availability Optimize Customer Demand. Minimize Inventory Costs. Increase RevenueFew readersInventory Replenishment Report in Practice: Navigating Advanced Features
Filtering Data Our report offers robust filtering options, allowing you to narrow down the data based on specific criteria. This helps in focusing on the information that is most relevant to your needs. Filter by Store Location, Vendor, or Product Type: Tailor the report to show data for a specific store location, vendor, or type of product. This is particularly useful for merchants with multiple store locations or a wide range of products. Select store location Select storeFew readers
Replenishment Use-cases
Fixed Order Quantity Model
The Fixed Quantity Order Model, also known as the Fixed Order Quantity (FOQ) or Economic Order Quantity (EOQ) model, is a time-tested inventory management strategy that offers a straightforward approach to replenishing stock. In this section, we'll dive into the core principles of this model, helping you establish a strong foundation for its application in your inventory management processes. Key Concepts To effectively understand and implement the Fixed Quantity Order Model, it's essentialSome readersFixed Time Period Model
Introduction Effective inventory management is crucial for the success of any business. For merchants, ensuring that products are in stock when customers demand them is a balancing act that requires careful planning and strategy. One approach to optimize this process is the Fixed Time Period Model, also known as the periodic review system. In this guide, we will explore how merchants can apply this method to their businesses, particularly when using an Inventory Replenishment by Vendor Lead TFew readersJust-in-Time Inventory Replenishment by Product Variant
Overview This report provides detailed insights into your inventory, focusing on Just-in-Time (JIT) replenishment for each product variant. It helps in optimizing inventory levels, reducing carrying costs, and ensuring product availability. Key Terms SKU: Stock Keeping Unit, a unique identifier for your product variants. Vendor Lead Time: Time taken by the supplier to deliver products after an order is placed. Safety Stock Days: The buffer stock to prevent stockouts. UFew readersInventory Forecast - stock movement based
Overview This report provides the comprehensive examination of inventory dynamics, emphasizing the crucial aspect of stock movement. Leveraging historical sales and stock data, this analysis aims to provide insights into future inventory needs, optimize stocking strategies, and enhance overall inventory management efficiency. In this report, we predict inventory demand by analyzing stock movements, considering the number of units deducted due to various factors such as sales, inventory traFew readersReplenishing Products from a Specific Vendor
Introduction This guide provides instructions on how to use the Inventory Replenishment Report for managing and replenishing products supplied by a specific vendor. This is especially useful for tailoring orders to individual vendor needs and customizing order quantities. Steps for Vendor-Specific Replenishment Accessing the Report Open the Inventory Replenishment Report from Inventory Replenishment menu. Applying VenFew readersLocation-Based Replenishment with Store Location Pivot Data
Introduction This guide is tailored for efficiently managing inventory across multiple store locations using the pivot feature in the Inventory Replenishment Report. The report includes detailed product information and allows for a comprehensive view of reorder quantities across different locations. Understanding the Report Structure The report includes the following key columFew readersDaily Inventory Replenishment Report
Introduction The Daily Inventory Replenishment Report is designed for businesses that require quick and responsive inventory management. It focuses on a 14-day historical sales period, accounting for short vendor lead times and minimal safety stock days. Key Features of the Report Short-Term Focus: Concentrates on recent sales data (14-day period) for accurate, up-to-date inventory insights. Quick Vendor Lead Times: Optimized for vendors with lead times of less than 7 days.Few readersLocation-Based Replenishment Guide
Introduction This guide is designed to help you efficiently manage inventory replenishment across various store locations. Effective location-based replenishment ensures that each store has the right stock levels to meet local demand while optimizing overall inventory costs. Select store location Steps for Location-Based Replenishment Accessing the Report Open the Inventory RepFew readersHigh-Demand Products Replenishment Guide
Introduction This guide focuses on replenishing high-demand products - items that have a high sales velocity and are crucial for your business's success. Efficient management of these products is essential to ensure customer satisfaction and maintain sales momentum. Identifying High-Demand Products Review Sales Data: Use the Inventory Replenishment Report to identify products with high sales volumes over recent periods. Monitor Trends: Look for consistent top-sellers or productsFew readers