You can use Stocky to track stock amounts in your store and manage inventory reorders.
The Low stock variants page is an overview of product variants that are either out of stock, or going to be out of stock sooner than the lead time.
Product variants are ordered by lost revenue per day, which is the amount of revenue that you're estimated to lose when the product variant is out of stock. This value is calculated using the average rate of sales over the sample period, which you can set on the Preferences page in Stocky. The default sample period is set to the last 30 days.
The Low stock variant page includes columns for ROP (reorder point), Lead time, Need, and Depletion.
The ROP column contains the automatically calculated reorder point for each product variant.
The Lead time column indicates how much time is need to reorder a product before the product goes out of stock.
The Need column contains the amount of stock needed to cover the lead time for each product variant.
The Depletion column contains the estimated number of days until the product variant goes out of stock.
The reorder point or ROP column on the Low stock variants page contains the automatically calculated reorder point for each product variant. Reorder points are calculated using the lead time and number of sales per day. For example, if you sell 5 blue socks per day and your supplier lead time is 10 days, then the low stock warning is triggered once you reach 50 blue socks left in stock.
Override automatic reorder points
- In Stocky, go to the Low stock variants.
- Click Settings.
- Click Reorder points.
Change the lead time per vendor
- In Stocky, click a vendor page.
- Click Settings.
- Click Lead and Restock Times.
Low stock products
The low stock products page is an overview of items that have either low stock or are out of stock, grouped by product. This page is sorted by lost revenue per day, and displays the most urgently needed products.
Low stock vendors
The Low stock vendors page gives you an indication of what vendor you should order from next due to lost revenue based on two factors:
- Out of stock only: Which vendors are currently losing revenue based on what is out of stock right now.
- Within lead time: Which vendors are out of stock now and will lose revenue based on their supplier lead times. For example, if Vendor A has a lead time of 10 days but has Product B, that will be out of stock in 8 days. Product B's lost revenue is also be included on this report.