Reorder Level in Tally is that quantity of stock in hand after reaching which you can order your suppliers.It is important because it ascertain th desire to have sufficient stock to serve your customer simultaneous.
Some of the important point to considered while doing Reorder Level in Tally
- The lead time for supplier to supply the goods.
- The leads time by customer to deliver the goods.
- The stock in hand in the meantime to satisfy the customer.
Activate of Reorder Level
F11>features >F2 : Inventory Features
“Allow Purchase order processing” set to Yes”
Go to Gateway of tally > Inventory info >Re order Level > Select the group computer.
CTRL + F4 :New parent (to change the stock group
ALT + R this key is useful to make change to advance
ALT + M simple minimum Quality or Advance minimum Quality
To check the report
Goto gateway of tally > Display > Statement Of inventory > Reorder Status Select from The list
Closing Stock Display net closing stock of all items of selected Group.
Purchase Order pending
This column display the list of pending orders which we are placed.
Sales Order Due
This column display the list of pending orders which have received.
NEtt available stock can be arrived from the following formula
Closing Stock + Purchase Order pending – Sales Order due
this field display the reorder level which we defined in Master .which which shows the minimum quantity of stock.
When reorder Level is more than Nett Available short fall of the item will display.