Recurrency Net Stock Calculation, used in both Planning and Purchasing, provides a comprehensive view of your inventory by accounting for various factors that influence your stock levels. You can easily access the calculation by hovering over the tooltip next to Net Stock, in both Recurrency Planning and Purchasing.
💡 Note that Recurrency shows an abbreviated formula, automatically hiding any zero values that do not affect the total configuration options available!
By clicking on "Show all values", you will have access to all values Recurrency uses to calculate Net Stock, including zeroes. These values include:
On Hand: The current quantity of items physically available in your inventory.
Allocated: Items that are reserved for specific orders but not yet shipped.
On Purchase Order (PO): Items that have been ordered from suppliers but not yet received.
On Unapproved PO: Items on purchase orders that are pending approval.
Note: This setting is disabled by default. Admins can choose to enable it via the Settings panel. To learn more about how to configure your Net Stock calculations, visit this article.
In Transit: Items that have been shipped by suppliers but not yet received.
In Process: Items currently being processed for manufacturing or assembly.
Backordered: Items that are out of stock and have pending orders waiting to be fulfilled.
Reserved Due In: Items reserved for future orders that are expected to arrive.
In Production: Items currently being manufactured.
For Production: Raw materials or components designated for use in manufacturing.
Quarantined: Items in quarantined status from your ERP.
Frozen: Items in frozen status from your ERP.
Non-Pickable: Items in non-pickable status, not available for use.
On Release Schedule: Items scheduled to be released from storage for use in production, for delivery to customers, or for other operational needs.
Pending Backorder: Backorders that have been acknowledged but are still awaiting fulfillment. These backorders are in a queue to be addressed once inventory is available.
Blanket PO: Items covered under blanket purchase orders for future delivery. This term refers to a a long-term agreement between a buyer and a supplier to provide goods or services at a predetermined price over a specified period.
By aggregating these components, Recurrency calculates an accurate Net Stock figure, which helps ensure you have the right amount of inventory to meet demand without overstocking or stockouts. This comprehensive approach aids in making informed purchasing and inventory management decisions.
Quantity Available vs Net Stock
Quantity Available differs from Net Stock. While Net Stock takes into account all stock for an item in the states defined above, Quantity Available is the quantity available to be sold or transferred immediately.
It does not include in-progress POs, inbound transfers, pending backorders, etc.
It does include quantity on hand, then subtracts quantities that are in the warehouse but unavailable such as allocated, quarantined, frozen, and non-pickable inventory.