Lead time

Lead time is the number of days between placing an order with a supplier and the stock arriving and being available to sell.

Stockie uses it to work out how much you will sell while you wait for a delivery, so it can tell you to reorder in time.

How lead time is used

Lead time is set in days. Stockie turns it into units using each variant's sales velocity:

lead time demand = lead time × sales velocity

That lead time demand feeds into two numbers:

• Reorder point - lead time demand plus your safety stock. When your available and incoming stock falls to this level, the variant is flagged for reordering.
• Suggested reorder quantity - lead time demand is included so that the stock you sell while waiting is covered by the order.

A longer lead time raises the reorder point, so you are told to reorder earlier.

Example

If a supplier usually takes 10 days to deliver and you sell 5 units a day, you would expect to sell about 50 units before the delivery arrives. That is the lead time demand.

Setting your default lead time

Go to Forecast & replenishment → Manage settings → Reordering  and edit Lead time on the Default settings card.

• It is a whole number of days, 0 or more. The setup wizard starts it at 14 days.
• Lead time plus safety stock has to stay below your restock to. If it does not, Stockie asks you to raise restock to or lower the lead time before saving.

Lead times per supplier or product

Delivery time usually depends on the supplier, so a supplier can carry its own lead time, and individual variants can too. These are set under product & supplier overrides, and they take the place of your store default for the products they cover.

For how lead time works alongside safety stock and restock to, see Configuring reordering settings.