A "Reorder Point" is the inventory quantity on hand at which a reorder of that product is needed. For example, if you have a product called water bottle and you sell five units per day, and the lead time on ordering and receiving new water bottle shipments is 5 days, you'll want to set the reorder point at somewhere around 25 units. This will ensure that you don't run out of stock.
To learn how to set up a Reorder Point, follow these steps:
1. Go to the Inventory Management activity in the sidebar menu. If you don't see it, remember that you may need to be granted permissions from HR.
2. Click on the Setup & Configure tab along the top. Then click on the sidebar option called Reorder Points.
3. From that page, you can set the reorder point for each product by site by typing the number of units into the field shown in the image below. You can narrow the list down by searching a product or using the dropdown to filter by site. When this reorder point is reached, the notification email will be sent to notify you that inventory is low. The notification email can be set in the configurations tab.
4. If you don't see the product in the reorder point list, it might be that the product is hidden. There is a setting in the inventory configuration to "hide products when reorder point is zero". You may need to turn this setting off for the product to show up--since the product is new, the reorder point defaults to zero.
Note that setting the reorder point of an inventoried product is an important step when setting up the inventory tracking. If the reorder point isn't set, the units on hand won't be properly tracked.
Removing Old Products from Inventory List
Deleting or deactivating a product in Register Management won't remove the product from your inventory list. The best way to hide inventory products from the list is to set the reorder point to zero, then set the configuration to hide products with reorder point of zero.