Product GAP Report overview

Use this report to make these predictions and determine the cushion that is available:

• When a product will be stocked out
• What products on purchase orders or warehouse transfers might arrive early or late

Early receipt can cause overstock for a period of time and create unnecessary overhead for your company.

For example, you run the report to examine a time frame that is 10 days early and 10 days late of the current date, 23 January 2020. You currently have a 16-day supply of product 101. Stock out of product 101 occurs on 8 February 2020 unless you receive the product, which is scheduled to arrive today.

A 10-day late factor is added to 23 January 2020 to calculate 2 February 2020 as the late cushion. Suppose product 101 is received on 2 February 2020. The supply is considered to be six days early because the projected stock out does not occur until 8 February 2020.

Using the previous example, suppose there is an eight day supply of product 101. Because today is 23 January 2020, stock out is projected to occur on 31 January 2020. The merchandise is expected to arrive today, but the 10 day late factor is 2 February 2020. Because the projected stock out is on 31 January 2020, the merchandise is two days late.

To show the actual number of days early and late, specify zero for the report parameters.

Buyers should review this report each day.