Overselling is one of the biggest threats for all online sellers. In order to avoid it, you need to manage your inventory really accurately. Basically, adjust your stock levels each time you execute a sale. Therefore, using a reorder point calculator will help you fully eliminate the biggest risk associated with e-commerce.
What is a reorder point calculator?
The purpose of a reorder point calculator is to monitor your inventory quantities. It means that you can set different points for each product. Each time a product's quantity drops to that level, your reorder point calculator will alert you about it. That way, you will know each time your stock is running low.
How to use it?
You can either set a global reorder point or separate points for each product. The global reorder point is set for every single product in your inventory, so you don't have to go over each item manually. If some of your products take longer to arrive or manufacture, you can set a separate level for those items. They will then override the global point and you will get a notification when your stock reaches the new level.
How does it work?
The most convenient solution should directly connect with your sales channels. Multiorders inventory management software integrates with all of the most popular sales channels, so you can add different reorder points for each of your products from any marketplace you sell on.
Basically, setting the reorder points means protecting yourself from overselling. This feature prevents you from situations where you could surprisingly run out of stock. In other words, it automatically supervises all your inventory.
How much does it cost?
Multiorders does not add any additional charges for using reorder point calculator, so it's free. All our customers, including free trial users, have an option to use this feature. Not to mention that the same goes with all other benefits, such as VAT calculator, profit margins, merging, bundling, etc. All in all, it does not matter which pricing plan you choose, you still can use all Multiorders features.