Want an easier way to calculate reorder points using the formula? Download your very own reorder point formula excel sheet!
This is the average number of units you sell per day.
This is how long it takes for new stock to arrive after you have ordered it.
This is extra inventory you order to account for changes in demand, or late delivery. Many businesses default to 14 days worth of stock, but you can scroll down this page to learn more about calculating safety stock.
Now that you're saving time on reordering, why not apply more time-saving tools to the rest of your business?
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This is the average number of units you sell per day.
This is how long it takes for new stock to arrive after you have ordered it.
This is extra inventory you order to account for changes in demand, or late delivery. Many businesses default to 14 days worth of stock, but you can scroll down this page to learn more about calculating safety stock.