Safety stock for your inventory!

Safety stock is a term used by logisticians to describe a level of inventory that needs to be kept on hand, to mitigate stockouts. Safety stock can be also be viewed as reserve stock that is held that permit business operations to proceed according to their sales goals.

A small business is especially sensitive to stockouts, which leads to lost sales and revenue. The amount of safety stock a small business chooses to keep on hand can dramatically affect their business. Keeping too much safety stock results in high holding costs of inventory. Too little safety stock can result in lost sales for the business.

Stockpile, our free online inventory system, allows a business to set a level of safety stock, to warn an operations manager that inventory is low and needs to be re-ordered. This prevents stockouts from occurring and lost sales revenue. At the moment within Stockpile we incorporate a low stock warning into the catalog view of your inventory. You may set this low stock warning by navigating to SETUP > PREFERENCES as shown below:

The you're going to select EDIT so that you may set the actual low-stock count warning level as show below:

Lastly, type in the value you desire for the low stock warning and hit SAVE as shown below:

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