Replenishment

This tab was renamed from EOQ (economic order quantity) to Replenishment in version 17.0.

Note: In Insert and Update modes, information on this tab is accessible only if the Manage parts ordering and Economic Order Quantity (EOQ) values field on the General tab of the Setup -> Parts Items -> Options screen is set to CENTRALLY. If that field is set to BY LOCATION, use the Parts Items -> Location Information screen to manage EOQ for each part at specific locations.

This tab for parts primary information enables you to define EOQ information for the part. The EOQ model minimizes the total costs of inventory by balancing the cost of holding and the cost of re-ordering inventory.

Tip: You can use the filter to restrict the information that displays to a specific part ID, part suffix, inventory month, keyword, stock status, product category, or part classification, among others. The list of searchable fields on the filter is extensive; use the scroll bar to view them all. If you specify a cross-reference part ID that cannot be found, the applicable part ID displays.

Detail View Header

The fields in the top section of this tab define the data that displays.

Part ID

Identifier of the part currently selected in the grid or that you are defining.

Note: If there is a check in the Enable automatic part numbering field on the Setup -> Parts Items -> Product Categories screen, the part ID is assigned automatically. Its characteristics, if any, are based on information entered in other fields on that screen.

The part ID may only consist of valid bar code characters. This field has a zoom button to the Data -> Parts Items -> Cross-references screen, which defines cross-references of part IDs. It also has a list box. The part description displays to the right of the ID. This field is required.

The combination of this part ID and the part suffix must be unique for each part.

To delete a part and all its data from inventory, refer to how to delete a part from inventory.
To delete a part from a specific location, use the Basic Info tab on the Parts Items -> Location Information screen.

Note: You cannot delete a record that has part quantities to be reconciled.

Part suffix

Number associated with the part in the Part ID field, which distinguishes it from other parts with the same part ID. This identification applies only if the part ID is a valid part ID.

New part/location/inventory

If you are entering a new part, you can click the New part/location/inventory button to launch the Add New Part wizard. The wizard will walk you through specifying the required data for the Part Primary, Part Location, and Inventory Adjustment screens.

Note: The wizard must be activated before it will launch. Refer to Add New Part Wizard for more information.

Detail View

Data in the fields on the bottom section of this tab define EOQ information for the part. Unless otherwise indicated, these fields are required.

Perform EOQ calculation

Specifies whether EOQ values should be calculated for this part. This field has a list box.

If there is a check in the Economic order quantity calculations field on the System Mgmt -> End of Period screen, the selection you make in this field is treated as follows:

NO: EOQ values are not calculated for this part.
YES: EOQ values are calculated for this part.
PROMOTE: EOQ values are not calculated for this part, but a determination is made as to whether the part qualifies for EOQ calculation.

Tip: If reorder values are entered manually, select NO (EOQ calculation) to prevent the values from being overwritten.

Other options that affect this selection are as follows:

When you run end-of-month processing with a check in the End of month for month field on the System Mgmt -> End of Period screen,all parts that are set to PROMOTE are checked to determine whether they qualify for EOQ calculation.
Before performing EOQ calculations, a determination is made as to whether there is a minimum age requirement for the part.
If you manage parts inventory BY LOCATION, the minimum age requirement is specified on the Inventory tab of the Setup -> Organization Structure -> Locations -> Primary Information screen.
If you manage parts inventory CENTRALLY, the minimum age requirement is specified on the EOQ tab of the Setup -> Parts Items -> Options screen.

Other parameters that affect EOQ processing are specified on the General tab of the Setup -> Parts Items -> Options screen.

Reorder point

Quantity (economic order quantity, in units of issue) at which an order is to be placed for this part.

If the Perform EOQ calculation field specifies YES, the reorder point is calculated when the standard EOQ calculation runs (refer to the System Mgmt -> End of Period screen).

Tip: If the General tab of the Data -> Parts Items -> Setup -> Options screen specifies to manage parts CENTRALLY, inventory and order information at ALL locations is used to compute the reorder point, which displays in this field. You can change the value. To prevent the value from being recalculated and destroying the value you set, specify NO in the Perform EOQ calculation field.

Reorder quantity

Quantity (economic order quantity, in units of issue) when you reorder this part.

If the Perform EOQ calculation field specifies YES, the reorder quantity is calculated when the standard EOQ calculation runs (refer to the System Mgmt -> End of Period screen).

If the General tab of the Parts Items -> Setup -> Options screen specifies to manage parts CENTRALLY, inventory and order information at ALL locations is used to compute the reorder quantity, which displays in this field. You can change the value. To prevent the value from being recalculated and destroying the value you set, specify NO in the Perform EOQ calculation field.

Safety stock level

Level (in units of issue) below which inventory for this part should never fall except to cover delivery delays from vendors.

If the Perform EOQ calculation field specifies YES, the safety stock level is calculated when the standard EOQ calculation runs (refer to the System Mgmt -> End of Period screen).

If the General tab of the Parts Items -> Setup -> Options screen specifies to manage parts CENTRALLY, inventory and order information at ALL locations is used to compute the safety stock level, which displays in this field. You can change the value. To prevent the value from being recalculated and destroying the value you set, specify NO in the Perform EOQ calculation field.

This field contains information about the relationship between the ABC code and the calculated safety stock levels. The value in the ABC code field is used to calculate the level. If the number of stockouts permitted per year (specified on the EOQ tab of the Parts Items -> Setup -> Options screen) exceeds 50% of the number of orders of a part expected in a year (number of orders = average yearly usage divided by reorder quantity), the safety stock level is set to zero.

ABC code

Inventory management classification for this part. Any letter from A to Z is valid. This field is optional.

If you want to use the Economic order quantity calculations option on the System Mgmt -> End of Period screen to calculate economic order quantities, you should also use this ABC code classification approach, because the maximum number of stockouts per year permitted for EOQ calculation is defined in terms of the ABC code for the part.

For parts with no ABC code or a code other than A, B, or C, the EOQ routines use the maximum number of stockouts for OTHER when they calculate EOQ for that part.

The maximum number of stockouts per year is specified on the EOQ tab of the Data -> Parts Items -> Setup -> Options screen.