Recurrency’s Order Cycle Management feature enhances flexibility in managing order cycles, allowing users to tailor recommendations based on their specific needs. This guide will walk you through the steps to use this feature effectively.
Default Order Cycle Behavior
By default, Recurrency uses the Review Cycle to manage order cycles for all items. We attempt to read the review cycle for all suppliers from your ERP. If we can't retrieve this information, we default to a 7-day review cycle.
💡 Note that you can modify the Default Review Cycle Days via the Settings page.
Updating the Order Cycle
💡 Updating the order cycle with any of the options below will change the order cycle for all items for this supplier at the specified location.
Calculate Using Supplier Purchasing Target
Calculating the order cycle using a supplier target will take the past year’s worth of purchases and use it to generate an estimated order cycle for the supplier based on the purchasing target.
For example, if a supplier has a target of $10,000 and you made $120,000 worth of purchases over the past year, Recurrency would recommend an order cycle of 30 days, or once per month.
Setting review cycles from supplier targets means configuring your system to use predefined supplier targets to determine how often items should be reviewed and ordered. We will attempt to read supplier targets from your ERP. If they are not available, you will need to set them in Recurrency.
Calculate Using Supplier Purchasing Review Cycle (Days)
Using the supplier purchasing review cycle as the order cycle will use the current purchasing review cadence of the supplier to define the order cycle.
For example, if a supplier has a purchasing review cycle of 1 week in Recurrency, the order cycle will be set to 7 days. This is best used if you are purchasing every time you review the supplier.
Override for This Supplier and Location
This option allows you to manually set a custom order cycle for a specific supplier at a particular location. This is useful if the standard calculations do not fit your specific needs and you require a more tailored approach.
Managing Order Cycles
Navigate to the Planning Page
To manage Order Cycles in Planning, navigate to the Planning tab side pane to review crucial data for any item-location pair.
Locate the Order Cycle Section
Find the "Order Cycle" option with an edit button next to it.
Edit the Order Cycle
Click on the Edit button next to the Order Cycle to open the modal. This new modal provides options to customize how Order Cycle recommendations are calculated, giving you increased control over inventory management strategies.
Choose Order Cycle Calculation Basis
In the modal, select how you want to recalculate recommendations:
Review cycle
Auto-calculate from target
Override
Set and Apply Changes
Adjust the Review cycle days to your needs and click Set to apply the changes.
Note: Order Cycle is defined at the supplier-location level. Adjusting calculations for Order Cycle for any item will impact Order Cycle calculations for all items within the specific supplier-location pair.
Once settings are updated, Recurrency recommendations will update Order Point / Min calculations accordingly, adjusting the Order Cycle Days used in Order Cycle Demand calculations.