The Manual Estimate method is similar to the Average Usage method, except that the Average Daily Sales is not calculated but specified. The specified Average Daily Sales is used to predict the inventory need of the warehouse or store.
This method is very often used for new items which have no sales history. During the first weeks of sales, an estimate is used as forecast. As soon as there is enough sales history for the Average Usage method, Manual Estimate is replaced by Average Usage.
Common fields for all Calculation Types
The Replenishment data is stored in the Item, Item Store or Data Profile record. The image below shows the Replenishment data fields on the data source forms for records with the Calculation Method Manual Estimate.
See Replenishment Data Hierarchy for more information about Replenishment data.
Following is a list of common Replenishment Data fields that are described above in Common Replenishment Data Fields.
- Maximum Inventory
- Vendor No.
- Purchase Order Delivery
- Reorder Point
- Transfer Multiple
- Purchase Order Multiple
- Exclude from Replenishment
| Field | Description |
|---|---|
| Manual Estimated Daily Sale | The Manual Estimate method uses the Manual Estimated Daily Sale and the Store Stock Cover Reqd (Days) parameters to calculate the quantity needed. If the quantity on hand in the store does not cover the estimated daily sale for the period, the system makes a suggestion. |
| Store Stock Cover Days | This field tells the system how many days of sale the inventory at the store is supposed to cover. The field is used for the Replenishment Calculation Type Average Usage and Manual Estimate. Example: The system calculates that the average daily sales quantity is 5 and the Store Stock Cover Days is 10. Then the system suggested quantity will be 50. |
| Warehouse Stock Cover Days | This field works the same way as Store Stock Cover Days, but here the field tells the system how many days of sale the inventory at the warehouse is supposed to cover. |
| Planned Sales Demand | When the LS Replenishment system calculates item quantities, it needs to take into account any Planned Sales Demand data, if they exist. This is only valid for items that have a Replenishment Calculation Type = Average Usage or Manual Estimate. For more details about the Planned Sales Demand field see Average Usage. |
See Also