Auto Creation of Material Request
To prevent stockouts, you can track the item's reorder level. When stock level goes below reorder level, the purchase manager is notified and instructed to initiate the purchase process for the item.
In iVendNext, you can update item's Reorder Level and Reorder Qty in the Item master. If the same item has different reorder levels, you can also update warehouse-wise reorder level and reorder qty.
With reorder level, you can also define what should be the next action. Either new purchase or transfer from another warehouse. Based on the settings in Item master, purpose will be updated in the Material Request as well.
When an item's stock reaches reorder level, Material Request is auto-created automatically. You can enable this feature from:
Stock > Setup > Stock Settings
A separate Material Request will be created for each item. Users with Purchase Manager's role will receive email alerts about these Material Requests.
If auto creation of Material Request is failed, the user with the Purchase Manager role will be informed about the error message. One of the most encountered error message is:
An error occurred for certain Items while creating Material Requests based on Re-order level. Date 01-04-2016 not in any Fiscal Year.
One of the reasons for the error could be Fiscal Year as well. Click here to learn more about it.