Cover Period

Cover period indicates the number of time buckets (for example, days) you want inventory to cover demand. Where standard inventory was traditionally defined as a fixed level, using cover period enables you to use variable levels. This means you can make standard inventory level dependent on demand forecasts and is particularly useful in situations involving, for example, seasonal fluctuation in demand. The variable level indicates the cover period for which you want stock to be maintained to cover demand. If both a fixed and a variable level are defined then the sum of both are taken. These values are used when creating batches. See Inventory Simulation.

Cover periods can be entered on the Inventory point tab when creating a product. You can also define maximum and minimum cover periods in the Products window.