OVERVIEW & BENEFITS OF RE-ORDER PROCESS IN MARG BOOKS
If the stock level of a particular item is minimized to a point where it needs to be restored or you want to order again for that item this is called Re-order.
Benefits of Re-order Management:
With the help of Marg Books the user can easily generate the Re-order on the basis of four formulas i.e. Sale Basis, Minimum Basis, Shortage Basis, Last Sale Basis. So in this article we’ll discuss about ‘Minimum Basis’.
PROCESS TO GENERATE RE-ORDER ON MINIMUM BASIS FORMULA IN MARG BOOKS
The formula for generating re-order on Minimum Quantity Basis is as follows:
Minimum Basis formula = Defined Minimum Quantity - Closing Stock
Scenario: An item 'Omez' has current stock of 40 pcs and it is defined in the software that 'Minimum level' of the selected item has mandatory need to be maintained as '1100' PCS so let see for how many quantities the software will generate the order of the selected item?
a. Company wise: If the re-order needs to be generated on the basis of item’s company then select it from the dropdown.
b. Supplier wise: If the re-order needs to be generated on the basis of item’s supplier then select it from the dropdown.
Suppose select ‘Company Wise’.
Thereafter the order will get placed and the user can easily share the generated order via whats app or mail.
PROCESS TO VIEW GENERATED ORDER IN MARG BOOKS