Specifying Reorder Levels

Go to Gateway of Tally > Inventory Info > Reorder Levels

Select a group of Stock Items from the List of Groups, to specify Reorder Levels for the Stock Items in the Specify Reorder Levels screen.

For each item in stock, you can define a Reorder Level and the Minimum Order Quantity. If you click Simple Reorder button, the consumption alternatives will not be available and hence you have to input the quantities.

Note: The option Reorder Levels is displayed in the Inventory Info. menu only if Allow Purchase Order Processing is enabled in F11: Features.

The Reorder level screen appears as follows:

 

The options that you have while defining Reorder Level and Minimum Order Quantity for individual stock items are as follows.

Reorder Level/Quantity

Enter the level/quantity in this field.

Advance Parameter for Reorder Level (Consumption for the Last)

This field lets Tally calculate the reorder level/order quantity based on the total consumption in the past for a chosen period.

Period

The choices for periods are: Days, Weeks, Months and Years. Note that it is not the average consumption for the period but the total consumption. Enter zero (0), if you do not want Tally to calculate the reorder level based on the consumption of the item in the past.

Criteria

      

Choose whether you want the higher/lower of the two, i.e., input/calculated level/quantity.

Rounding Method

     

Specify whether the calculated level/quantity must be rounded and also the method of rounding.

Minimum order quantity

You can specify the minimum order quantity required.