"Minimum stock monitoring" refers to the process of continuously monitoring inventory levels to ensure they do not fall below a predefined minimum level. The goal of this monitoring is to avoid shortages or disruptions in the supply chain by triggering timely reorderings or productions to replenish the minimum stock.
Typical functions of software in the area of "minimum stock monitoring" include:
Minimum stock settings: Setting minimum stock values for individual items or product categories based on sales forecasts, lead times, and other factors.
Automatic notifications: Triggering notifications or alerts when inventory levels fall below the minimum stock to inform users of potential shortages.
Automated reorder suggestions: Generating reorder suggestions or production orders based on the reached minimum stock to facilitate replenishment of inventory levels.
Order and delivery status monitoring: Monitoring the order and delivery status of initiated reorderings to ensure that stocks are replenished in a timely manner.
