Introducing Minimum Order Value Setting
Hello Inventoro Users,
We've heard your feedback and we're excited to introduce a feature that's been highly requested. It's a straightforward concept, yet intricate in its functionality: minimum order values.
We understand that when procuring goods from your suppliers, you may often encounter a minimum order value. For instance, your order must total at least $2000.
This threshold can be established within the Supplier Settings, as demonstrated in the gif below.
So, how does Inventoro utilize these set limits?
Every day, Inventoro calculates all suggested purchase orders, looking as far ahead as 24 months, for every SKU and supplier.
When a Minimum Order value is specified for a given supplier, and the current recommendations fall short of this limit, Inventoro springs into action. It scans future purchase suggestions, and recommends moving some of these to the present to meet the minimum value.
Further, our algorithm employs a secondary strategy - if the minimum order value is not achieved by accelerating future purchase suggestions, Inventoro will attempt to increase the current quantity instead.
This new feature provides you with another layer of control and precision when ordering, and we can't wait to hear your feedback.