Add Product
Enter your product details. The system calculates reorder points automatically.
Quick Presets
Current Inventory
| Product | Stock | Daily Sales | Reorder Point | Status | Action |
|---|---|---|---|---|---|
| No products added yet. Use the form above to add inventory items. | |||||
Low Stock Alerts
No low stock alerts at this time.
Inventory Management Guide
Calculating Your Reorder Point
Your reorder point tells you when to place a new order. Calculate it by multiplying your average daily sales by your supplier lead time. Then add safety stock.
Formula: (Daily Sales × Lead Time) + (Daily Sales × Safety Stock Days)
For example, if you sell 4 units per day, your supplier takes 5 days, and you want 3 days of safety stock: (4 × 5) + (4 × 3) = 32 units.
Common Inventory Mistakes
- Ordering too much: Ties up cash and risks expiration or damage.
- Ordering too little: Loses sales and disappoints customers.
- Not tracking lead times: Suppliers change delivery speeds - check monthly.
- Ignoring seasonal patterns: Holiday items need higher safety stock before peak season.
Using Seasonal Multipliers
Some products sell more during certain times. Apply a multiplier to daily sales for accurate predictions.
Examples: Back-to-school items (1.5-2x in August), holiday decorations (3-5x in November), summer products (0.5x in winter).
Supplier Performance Tracking
Track how often suppliers meet their promised delivery dates. This helps you adjust safety stock levels. A reliable supplier might need only 2-3 days safety stock. An unreliable one might need 7-10 days.
Inventory Review Checklist
- Update stock counts weekly after receiving new shipments.
- Record actual daily sales for each product, not estimates.
- Check supplier lead times monthly - they change over time.
- Review seasonal multipliers before peak selling periods.
- Count slow-moving items monthly - consider discounting or returning.