- 1 week ago
Here, we are testing Two Scenarios...
👩💻 Scenario 1: Inventory/Stock item "Recorder Quantity" is Less than "Maximum Quantity" in Item Card Setting. We are also considering "Safety Stock" here...but this is Optional.
👩💻 Scenario 2: Inventory/Stock item "Recorder Quantity" is More than "Maximum Quantity" in Item Card Settings. We are also considering "Safety Stock" here...but this is Optional.
👩💻 We are using "Requisition Worksheet" to Test the Specific Cases / Scenarios and raising Purchase Orders✅
📍Hint: Here, Requisition means Demand Request or Procurement of Materials/Items Vs. the Current or Actual Sales or Customer Demand.
👩💻 Scenario 1: Inventory/Stock item "Recorder Quantity" is Less than "Maximum Quantity" in Item Card Setting. We are also considering "Safety Stock" here...but this is Optional.
👩💻 Scenario 2: Inventory/Stock item "Recorder Quantity" is More than "Maximum Quantity" in Item Card Settings. We are also considering "Safety Stock" here...but this is Optional.
👩💻 We are using "Requisition Worksheet" to Test the Specific Cases / Scenarios and raising Purchase Orders✅
📍Hint: Here, Requisition means Demand Request or Procurement of Materials/Items Vs. the Current or Actual Sales or Customer Demand.
Category
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LearningTranscript
02:06you will go to the purchase order. But for the purchase order, you will have the information
02:10that I will only choose the demand vs supply, the reorder quantity point.
02:16So, I took that. Now, we will change a little bit. Because if you have a carry out action message,
02:23you will go to the advanced label and you will create the order for your vendor.
02:31So, you can do it for the vendor, but we will not do it.
02:34So, we will edit the item and we will change the changes.
02:40What do you want to do?
02:43Like I said, you can order maximum amount.
02:47So, if I have told you that you can order maximum amount.
02:50First, I had 100, now I have 70.
02:52If I ordered 80, then how do you work?
02:55You can check it out.
02:56If you can delete it, then you can refresh the line.
02:59Now, what I have told you?
03:00If it is enabled, then the system will make one line.
03:02The safety stock line will not be made.
03:04Look.
03:05The reorder quantity demand is set in the item card.
03:10The system has made it.
03:11So, you can edit it.
03:12You can edit it and then carry out action message.
03:14Then you can edit it.
03:15Then you can edit it.
03:16Okay?
03:17Hello, friends.
03:18Welcome to my channel.
03:19I am Phran Samaadvi.
03:20And now we are going to talk about the requisition worksheet.
03:22Search it.
03:23It will get you.
03:24And if you want to raise the purchase order on the basis of customer demand, then demand versus supply
03:44you can use it.
03:45So, if you have a customer demand for you, then you have to purchase the item.
03:51So, if you want to raise the purchase order, then you can raise the purchase order.
03:57So, how can you raise the purchase order?
03:59In the requisition worksheet, you can see it in the requisition worksheet.
04:02So, what do you want to do?
04:04Calculate the plan.
04:06Now, the starting date, the ending date, you have to feed it.
04:09You have to use the forecast.
04:10So, the forecast, you have to leave the plan.
04:13The item, which you can use, you can use multiple.
04:18You have to put a buy sign.
04:20You can use the other or the other item.
04:22Now, I need a single item.
04:24I have to take this item.
04:26And I have to put the selection of the item in the filter.
04:30Now, I will do it.
04:32I will do it.
04:33Okay.
04:34Item card.
04:35Location and which vendor to purchase.
04:37I have to put it in the item card.
04:39So, I will show you the item card.
04:41Now, the item number has come.
04:43Action message.
04:44New.
04:45Accept.
04:46Action message.
04:47Tick.
04:48And this is 19 inch M009 monitor.
04:51Okay.
04:52Now, location is New Delhi.
04:54Quantity is coming.
04:56Quantity is coming.
04:5780-30.
04:58Direct unit cost.
04:59Due date.
05:00Vendor.
05:01Order number.
05:02Vendor item number.
05:03Replenishment system.
05:04You have 4.
05:05Purchase.
05:06Production order.
05:07Transfer.
05:08Assembly.
05:09Replenishment system.
05:10In this system, how do you take the material and goods?
05:14How do you take the goods?
05:15If you take the services, if you take the type GL,
05:20then you take the according system.
05:23How do you take the purchase, production order, transfer or assembly?
05:28As you can see, the purchase is the purchase.
05:29Production order.
05:30We take the order, transfer or move to one location.
05:31To another.
05:32Assembly.
05:33Assembly.
05:34Assembling.
05:35Assembled.
05:36Assembled.
05:37Assembled.
05:38Assembled.
05:39Assembled.
05:40Assembled.
05:41Assembled.
05:42Assembled.
05:44Assembled.
05:45multiple components add to the final product
05:49so this assembly system
05:52now I have purchased
05:55item card
05:58vendor number assigned
06:00vendor item number
06:03vendor name
06:06vendor number
06:09vendor card
06:12vendor card
06:13vendor card
06:15or you can check here
06:17vendor postmaster
06:19details
06:21you can scroll
06:23other things
06:25due date
06:27click here
06:29item information
06:31here
06:33card
06:35view or change details
06:37information about the item
06:39or resource
06:41item card
06:43item card
06:45item card
06:47item card
06:49item number
06:51number
06:53and
06:55name
06:57inventory
06:59quantity
07:01inventory
07:03inventory
07:05inventory
07:07replenishment
07:09this item is my system
07:11purchase
07:13lead time calculation
07:15vendor number
07:17item number
07:19item number
07:21code
07:23and
07:25add
07:2780103
07:29you can
07:31do it
07:33replenishment
07:35ignore it. Replenishment is just this side. Now we will go down to planning. If I have
07:42planning to do what to do, then what to do? I have demand versus supply. I have customer
07:47demand for supply, so I will always keep it fixed and reorder quantity. If my ordering
07:56policy works like this company, then there is another option. Maximum quantity, order,
08:02tracking policy, tracking and action message. Here we go. Safety lead time is 3 days. Safety
08:17stock quantity is 30. Safety stock means that you need to keep the stock in safety
08:24of its own. If you need to do that, you need to keep the stock in the
08:28order of the customer. If you want to supply your order to customer,
08:35there is a little less quantity you want. If you want to get to the
08:36order of the customer, you need to keep the stock in the order. If you want to
08:40make a 1-800 order, that it will be a problem, damage-based. So you have some
08:44extra precautionary sort of safety stock. So with the damages, you have to
08:48Now you can remove the damages and remove the inventory of the stock and the inventory of the inventory.
08:55So it will adjust.
08:56So you can remove the safety stock.
08:58So you can remove the time from the safety stock.
09:00Plus the reorder point.
09:02Now the reorder point.
09:04When there are 5 quantities in my system,
09:08this item, this monitor,
09:10which is unique to the code,
09:12then you can see the coding.
09:14So you can see the code,
09:16but the code is unique.
09:18So this is the 19-inch monitor.
09:20We will have 5 quantities in the system.
09:22Now the reorder point parameters,
09:24which is bold,
09:26and the unbolded options,
09:28this is the unbolded options.
09:30So you can see that there are 5 quantities.
09:32So you can see that there is 0.
09:34Now the system is not.
09:36The system is 0.
09:38So if this is 0,
09:42and I am saying that there is 5,
09:44then the system will consider it.
09:46Because there is nothing.
09:48Okay?
09:50So this is the one.
09:52So the reorder point,
09:54the reorder quantity,
09:56all these things,
09:58the order modifier,
10:00the effect of your order modifier,
10:02the effect of your order modifier,
10:04the same as it will change.
10:06You will change the upper option.
10:08So the order modifier,
10:10maximum order quantity,
10:12maximum order multiple.
10:14So if there are changes in these things,
10:16then we will also affect these things.
10:18And these things will also affect these things.
10:20So this means that they will affect these things.
10:22They will affect these things.
10:23They will affect these things.
10:25So these are all together.
10:27The reorder point,
10:29I have said that it is 5.
10:31When the stock is 5,
10:32then I have to order it.
10:34The reorder quantity is 80.
10:36If it is 0 or 5,
10:39then the system will be 80.
10:42The reorder will be 80.
10:45When you plan to calculate it.
10:48The maximum inventory is disabled.
10:51Because it is activated.
10:52When you have to do maximum quantity,
10:54as a reorder policy.
10:56If you have fixed order quantity,
10:58then you will not activate it.
11:00Overflow level.
11:01It means that you can see how much
11:04overflow can you?
11:058 quantity.
11:06Time bucket,
11:07I will order this every 10 days.
11:10Now the order modifier.
11:12Minimum,
11:1320 quantity is minimum order quantity.
11:16Okay?
11:17The system will always guide you.
11:19Maximum order quantity?
11:21Maximum 100.
11:23Now the order quantity is 80.
11:25Now the order quantity is 180.
11:26If the order point is 120,
11:29130 or 150,
11:31then the system will give you maximum order quantity.
11:35That's just 100.
11:36That means,
11:38you always check the order quantity.
11:41For maximum order quantity.
11:43You always check the order quantity.
11:44You always check the maximum order quantity.
11:46You always check the maximum order quantity.
11:48So we will check that scenario.
11:49And compare you too.
11:52so minimum we put 20 maximum we put 100 and then order multiple
11:58order multiple means 20 quantity orders
12:03so we will create another video in this series
12:07we will create small points
12:10so we will take order multiple
12:13now we are going to do a simple work
12:16generate and show that when we put all the settings in the item card
12:20what impact the settings
12:23on the order quantity
12:26normal demand
12:29supply
12:30demand vs supply
12:32so the order quantity
12:35we will add according to the system
12:38and you will generate safety stock
12:41two lines
12:44so we will check the system according to the system
12:47how to work
12:5080 quantity
12:51and this is 30 quantity
12:5330 quantity
12:55safety stock according
12:56so if the system
12:57gives us a small option
13:00here
13:0130 quantity
13:02safety stock
13:03and this is the quantity
13:04demand vs supply
13:05so you will be clear
13:06here
13:07here
13:08there is a small option
13:09here
13:10and this is the quantity
13:11demand vs supply
13:12okay
13:13okay
13:14so what item card
13:15you are adding information
13:16in
13:29the location
13:30location nd
13:32so this is nd
13:34then the vendor card
13:36and item card
13:38will be due date
13:40so vendor
13:42payment terms
13:44then vendor number
13:46and vendor item number
13:48replenishment system
13:50also purchase item card
13:52so item card and vendor card
13:54also vendor card
13:56now 80-30
13:58you have to know where it is
14:00now if I will change it
14:02this bullet
14:04respect planning parameters
14:06supply
14:08triggered by safety stock
14:10if it is closed
14:12then you will take the safety stock
14:14and you will tell
14:16that you should consider the safety stock
14:18and you should demand
14:20safety stock according
14:22because 80 is your order point
14:24that you can
14:26consider
14:28now
14:30specifies that planning lines triggered by safety stock
14:32will respect the following
14:34planning parameters
14:36reorder point
14:38reorder quantity
14:40maximum inventory
14:42in addition to all
14:44order modifier
14:46if you do not select the checkbox
14:48planning lines triggered by safety stock
14:50will only cover the exact demand quantity
14:52now
14:54if you don't consider it
14:56if you don't consider it
14:58then you will take two lines
15:00including safety stock
15:02and if you don't consider it
15:04then you will take safety stock
15:06see
15:08single line
15:10if you activate this bullet
15:12then the system says
15:14that you don't want to
15:16consider the safety stock
15:18such as
15:34what you have to do
15:36or
15:37you will take the exact
15:38or
15:39you will save the exact
15:40So you don't want to keep the risk, you don't need safety stock, so you have to remove the safety stock, okay?
15:46So where are you going?
15:50These are all the calculations.
15:53When you post lines, you will go to purchase order.
15:57But for purchase order, you also have to give information,
16:01and then you will go to purchase order.
16:13Now we will change a little bit,
16:16because if you have carried out action message,
16:20then you will go to advance label,
16:24and you will create the order for your vendor.
16:33So you can do it for the vendor,
16:35but we are not doing it.
16:36We are going to do another thing,
16:38that we will edit the item,
16:41and then we will see some changes.
16:47What do you want to do?
16:49As I said,
16:52how much you can order the maximum quantity?
16:56Right?
16:57So if I have told you that you can order maximum 70 quantity.
17:01Okay?
17:02The first was 100,
17:03now I have 70.
17:04How much is it?
17:0580.
17:06So how will the system work?
17:07We need to check this.
17:09You can also delete it,
17:11or if the system will refresh the line.
17:14Now,
17:16what did I say?
17:17If it is enabled,
17:18then the system will create one line.
17:20The system will not take the line.
17:22Look.
17:23The demand is the reorder quantity.
17:26The demand is the reorder quantity set.
17:30The system will take the item card.
17:33This is different.
17:34You can edit it,
17:35and then carry out action message.
17:37Then send the vendor to order.
17:39Okay?
17:40So you can do this.
17:42You can use the order quantity number.
17:44You can do it,
17:45but now we will do it.
17:46Therefore we can do it.
17:47We will do it.
17:48We will do it.
17:49We will open the other option.
17:50We will say that we need a safety stock.
17:52The item is the filter.
17:53It needs a safety stock.
17:55If we need a safety stock,
17:56we need a safety stock.
17:58Look,
17:59the system needs a safety stock.
18:00Before we see,
18:02Re-order quantity line with quantity
18:05Safety stock line with quantity
18:08But why is it 20?
18:10Why is it 20?
18:12We need to check the minimum order quantity
18:16If you go to the minimum order quantity
18:20You will get
18:22Minimum order quantity
18:2620
18:28So these things
18:30We will not check these things
18:34In the next video
18:38Re-order point
18:40Order multiple
18:42Adjustments
18:44New changes
18:46Then we will make another video
18:48So now
18:50How does the system work?
18:52The system has told you
18:54The maximum order quantity
18:56You can add 70
18:58You can add 70
19:00You can add 70
19:02You can add 80
19:04You will not consider 80
19:06Why do you consider 80?
19:08Because
19:10Maximum
19:11You can add 70
19:13So
19:14Re-order quantity
19:16You will not consider
19:18It will work on maximum quantity
19:20I said
19:21Order modifier
19:23This is an order modifier
19:25So
19:26Re-order point
19:27Parameters
19:28You will work on
19:29Re-order point
19:30Parameters
19:31How do you do?
19:32How do you do?
19:33How do you do?
19:34How do you do?
19:35Order modifier
19:36In order modifier
19:37You have 70
19:38Plus
19:39Safety stock
19:4030
19:41This line
19:4270
19:43Maximum
19:44Order quantity
19:45Minimum
19:46Order quantity
19:47Your order modifier
19:48You will not consider
19:49Order modifier
19:50You will not consider
19:51Order quantity
19:52You will not consider
19:53Order quantity
19:54You will not consider
19:55Order quantity
19:57You will not consider
19:58Order quantity
19:59The order modifier
20:00So
20:02If you will increase
20:03Then
20:04The system will change
20:05To change
20:06Then
20:07You will not consider
20:08Order quantity
20:09You will not consider
20:10Order quantity
20:11You will not consider
20:12Order quantity
20:13You will not consider
20:14Order modifier
20:15So
20:16If you will increase
20:17Then
20:18The system will change
20:19Now
20:20Think
20:21That
20:22This is
20:2370
20:24This is
20:2570
20:26And
20:27Maximum
20:2870
20:29There is
20:30Re-order point
20:3180
20:32If I say
20:33Max to Max
20:3480
20:35Cover
20:36Max to Max
20:3780
20:38Cover
20:39And
20:40This way
20:41If you want to make another scenario
20:43Then
20:44You will not consider
20:45As you can make another scenario
20:46If you want to make another scenario
20:47If you want to make another scenario
20:48If I say
20:49Max to Max
20:50You can make another scenario
20:5290
20:53Or
20:5470
20:5570
20:5770
20:5970
21:0170
21:0270
21:0390
21:04Max to Max
21:05You can take another scenario
21:06And
21:07Order point
21:0880
21:09Check
21:10That
21:11One
21:12Consider
21:14Process
21:15Now
21:16This
21:17Is
21:1879
21:19Calculate
21:2079
21:2120
21:2230
21:23It
21:24Is
21:2579
21:2620
21:2730
21:28No
21:29It
21:30Is
21:3180
21:32No
21:33It
21:34Is
21:3580
21:36No
21:37It
21:38Is
21:39maximum
21:40On
21:41maximum
21:4279
21:43Then
21:4479
21:45So
21:46If
21:47If
21:48If
21:49You can activate this option
21:50Then
21:51Save the
21:52Safety
21:53Stocks
21:54Related
21:55For
21:56If
21:57Even
21:58It
21:59It
22:00Can
22:00To
22:07To
22:09To
22:12Defend
22:1379
22:14So, he will always give the order modifier to the order modifier and according to the order modifier.
22:20He will never consider the reorder point if the reorder point is less than the maximum order quantity.
22:31But if you want to make this scenario,
22:33then keep the maximum order quantity there.
22:38And you can keep the reorder point.
22:41The reorder point should be enough.
22:43But we will not do the maximum.
22:45Scenario based.
22:46You can keep the same scenario as you can.
22:48So, the other thing.
22:50This is the option of calculation.
22:52If you want to work with the safety stock,
22:55then you have to close it.
22:57So, if we close it, then the system will give you the option.
22:59Now, we have to check that when we have order placed,
23:02then there will be three lines.
23:04Or just one line.
23:06So, let's check.
23:08Carry out action message.
23:10If you want to order a print order, then you can do it.
23:17Now, the system is generating.
23:19You can check the order number on the screen.
23:21You can check which order number is generated.
23:29You can also check the order number 10 according to the date.
23:31And now you can find the order number 10 according to the purchase order list.
23:38And now you will check the order list.
23:40So, if you want to order 3 lines,
23:44I have to check the order number 10 according to the purchase order list.
23:48so this way you can check the print order
23:54now check the print order
24:06now if we go to purchase order
24:10for purchase order
24:16list page
24:18vendor number
24:20filter
24:22vendor number
24:2410,000
24:26now
24:32according to
24:34we will check
24:36see
24:38date
24:40document date
24:42document date
24:44according to this order
24:46open
24:48double click
24:50open
24:52open
24:54open
24:56see
24:58text information
25:00you can see
25:02system
25:04item
25:06monitor
25:08location
25:10header
25:32order
25:34minimum
25:35order
25:36safety
25:38stock
25:40and
25:42maximum
25:44order
25:46quantity
25:48maximum
25:50order
25:52quantity
25:54maximum
25:56order
25:58quantity
26:00maximum
26:02order
26:04quantity
26:06hundred
26:08quantity
26:10and
26:12reorder
26:13quantity
26:1480
26:16maximum
26:18order
26:20quantity
26:22maximum
26:23quantity
26:24maximum
26:26quantity
26:28Rs.
26:30one line
26:32can create
26:34one line
26:35can create
26:36safety
26:37stock
26:38product
26:40safety
26:41stock
26:42factor
26:44must start
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