Calculating how much inventory you need to order to have a set number of days on hand when the delivery truck arrives is a balancing act. It takes knowing current stock levels, how fast products are selling, how many days of inventory you want, and how long of a lead time your vendor has – and then you need to cross reference all of that data to know how many units to request on your order right now.
Let Happy Buyers do the work for you. Using lead times, you'll know exactly how many units you need to order today to have your desired days on hand for those products when the delivery arrives.
How to use lead times:
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Set your desired days on hand
Set this based on how many days of inventory you want to have when the delivery arrives at your store.
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Add your lead time
Set this based on how many days there are from now until the delivery will arrive at your store.
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Select your lookback period
Set this based on the period of time you want to reference for calculating units per day.
Using lead times, you'll see data in two associated columns - units needed and units to order.
Units needed: Units needed to meet customer demand
Units needed is how many units you need at this current moment to meet your set desired days on hand and lead time targets.
Units to order: Units needed, rounded up to case size
Units to order is how many units are needed, but rounded up to the minimum case size (if set).
➡️ Learn how to set case sizes
Using lead times in reports
Lead times are included in the calculation of every units to order column and export across Happy Buyers.
- Purchase requests
- Product exports
- Product lines
