To ensure Optiply functions effectively, your product settings must be valid and up-to-date. This includes details such as prices, lead times, or whether certain products should be phased out.
1. Product Prices
Ensure that all product prices are correctly entered. Accurate pricing is essential for reliable purchasing recommendations.
If a product is discontinued or no longer relevant, you can mark it as "ignored." Doing so ensures that:
The product will no longer receive purchasing advice.
It will be excluded from calculations and treated as if it no longer exists.
It will also not appear for invoicing purposes.
Some products may have different lead times than the default supplier lead time. Verify and input the correct lead time for individual products to maintain accurate recommendations.
Set the time interval between one order and the next for each product. This helps define the purchasing cycle and keeps your stock levels optimal.
If you want to ensure constant stock availability for certain products, define a minimum stock level. For example, if you always want 10 units in stock, you can set this number to avoid running out.
6. Lot Size
If products are sold in specific quantities (e.g., boxes or packs), define the lot size. For example, if one box contains 12 units, input "12" as the lot size.
Certain suppliers may require a minimum order quantity for specific products. Enter this value to ensure compliance with supplier requirements. For example, if a supplier only allows orders of at least 50 units, input "50" for that product.
For products you no longer want in stock (e.g., items managed via cross-docking or drop-shipping), mark them as "phased out." This ensures:
No purchasing advice is generated for these products.
Stock is not allocated unnecessarily.
You can also phase out items manually in the settings.
How to Update Product Information
Depending on your integration, you can:
Enter all the required product details directly in your source system.
Provide an import file with the necessary information.
You can learn more about how to update product information on this page
Accurate product settings ensure Optiply delivers optimal purchasing advice and helps streamline your inventory management.