|
Policy |
Stock? |
Active? |
Uses Forecast? |
Uses EOQ? |
Notes |
|
Order Point |
Yes |
Yes |
Both |
Yes |
Standard order policy that includes all sources of supply and demand, accounts for min/mult, and uses EOQ to try to optimize ordering. |
|
Lot For Lot |
Yes |
Yes |
Both |
No |
Same as Order Point, but ignores EOQ. Vendor Mins and Mults still honored. This will order the smallest quantity possible to satisfy your order needs. This order policy is most commonly used when creating suggested Build Plans for "Make" items in a manufacturing/kitting scenario, to smooth out demand shown to lower-level components. Other than ignoring EOQ, it is similar to the Order Point policy |
|
Sporadic Sales |
Yes |
Yes |
Dep Only |
No |
Disregards forecast on sporadic items, and attempts to keep item at Safety Stock. Very similar to Min/Max when Min = Max |
|
Min/Max |
Yes |
Yes |
Dep Only (Configurable) |
No |
Orders up to your specified Min/Max target inventory level when item is projected to be at/below Safety Stock. Can be configured to use Independent and/or Dependent forecast, or neither when planning. If not specified by the user, Min = Safety Stock and Max = Max Stock. If user wants to specify the min and max values, use Safety Stock Override to specify Min and use Order Policy Override to specify Max |
|
Kanban |
Yes |
Yes |
No |
No |
Orders based on the Japanese concept of "Kanban", where you specify a number of bins, and quantities of stock per bin. Replenishments are suggested when your on hand level indicates that you have an empty bin (or more), replenishment is triggered. |
|
Fixed Quantity |
Yes |
Yes |
Both |
No |
Orders fixed quantities when available quantity is projected to go below Safety Stock. Not Recommended for general use. |
|
Buy To Order |
No |
Yes |
Dep Only |
No |
Suggest orders only when specific orders exist for the item, or dependent forecast from parent assemblies/spokes. This policy is useful for non-stock items that you wish to still make available for ordering, but you do not want to keep the item in inventory. Orders are only suggested in response to customer orders. |
|
BuildToOrder |
No |
Yes |
None (Top Level) Both (For Components) |
No |
Use for Built items that have a BoM but are not kept in stock, e.g. kits. Top-level item behaves like Buy-To-Order. A dependent forecast based on LotForLot style planning is provided to components so they can be stocked for Just-In-Time kit assembly/shipping/production. |
|
Line Item BuyToOrder |
No |
Yes |
No |
No |
Special one-for-one SalesOrder-To-PO logic. Not recommended for general use. |
|
DoNotOrder |
No |
No |
No |
No |
Orders will not be suggested for these policies under any circumstances. Buyers can specifically add them to a PO, but warnings will be displayed. |
|
Obsolete |
No |
No |
No |
No |
Special purpose order policy managed by StockIQ for items that are past their obsolete date. Behavior is same as DoNoOrder. |
|
Prospect |
No |
No |
No |
No |
Placeholder for future use. |