Understanding Replenishments
Benefits of Replenishments
- Reorder based on strategies and stock thresholds
- Reduces stockouts and prevents overstocking
- Minimizes manual effort in tracking and replenishing inventory
- Optimizes inventory costs by maintaining just the right stock levels
Configure Replenishments
You can set up your replenishment depending on your organisation type:
- Locations Disabled Organization
- Locations Enabled Organization
Orders can be Created from Replenishments
The Replenishments module allows you to restock items by creating one of the following orders:
- Purchase Order
- Transfer Order
Difference between Transfer Order and Purchase Order
| Basis | Transfer Order | Purchase Order |
|---|---|---|
| Purpose | Transfers stock between two warehouses within the organization | Purchases goods from an external vendor |
| Financial Impact | No direct financial transaction | Creates financial liability to the vendor |
| Use | Used for internal stock redistribution | Used when procuring new stock |