Creating demand for fixed order points

If fixed order point is the reorder policy, the finished good quantity is replenished when the stock-on-hand goes below the reorder point.

  1. Before you create a forecast demand, schedule the existing forecast demand and set up an inventory location:
    1. Sign in as Inventory and select Item Locations.
    2. Click Create.
    3. Complete the fields.
    4. On the Reorder tab, select Fixed Order Point in the Reorder Policy field.
    5. Click Save.
  2. To view finished goods to replenish, run the Inventory Finished Good Replenishment report.

    See the Inventory Control User Guide.

  3. Sign in as Work Order and select Create Processing Reports > Forecast Demand Interface.
  4. Specify this information:
    Company
    Select a company number.
    Location
    Select a stock location. This location is also the production facility where finished goods are produced for work orders.
    Date Needed
    Specify the date when the item must be produced or specify in the Plus Number Days field the number of days until the item must be produced.
    Impact on Forecast Demand
    • Select Replace to replace forecast demand with the newly calculated forecast demand quantity.
    • Select Add to Quantity to add to forecast demand quantity.

      If this option is selected, the current demand calculation is added to the previous demand and the forecast demand will be overstated.

    • Select No update to not update the existing forecast demand quantity.
    Release
    Select whether to release the demand generated by this program. Demand is generated when available quantities are less than the reorder point.
    • Select Yes to create released demand.
    • Select No to create unreleased demand.
  5. Select the recipient group.
  6. Click Submit.
  7. Select Forecast Demand to view and release forecast demand on the reorder document code that was set up in the reorder form.