Supplier Information: Enter essential details about your suppliers, such as their names, contact information, and any specific notes or instructions relevant to each supplier. For example, you can add a note specifying preferred communication channels or any contractual agreements with the supplier.
Lead Time: Specify the lead time for each supplier, which represents the time it takes for an order to be fulfilled and delivered by the supplier. Accurate lead time information helps Optiply calculate optimal reorder points and prevent stockouts. For example, if Supplier A typically takes five days to deliver an order, you would enter "5" as the lead time for that supplier.
Reorder Period: Define the reorder period for each supplier, which indicates the frequency at which Optiply evaluates and generates purchase orders based on demand and lead time. This ensures timely replenishment of stock. For example, if Supplier B requires weekly replenishment, you would set the reorder period to "7 days" for that supplier.
Minimum Order Quantity: Set the minimum quantity required for placing an order with each supplier. This ensures that orders meet the supplier's requirements and helps optimise order quantities for cost efficiency. For example, if Supplier C requires a minimum order quantity of 100 units, you would enter "100" as the minimum order quantity for that supplier.
Fixed Order Cost Information: Enter the cost details associated with each supplier, including unit costs and any additional costs like shipping or handling fees. This information is essential for accurate inventory valuation and cost calculations. For example, if Supplier D offers a unit cost of €10 and charges a €5 shipping fee, you would enter "€10" as the unit cost and "€5" as the additional cost for that supplier.
Backorder Policy: Define the backorder policy for each supplier. Choose whether to allow backorders or not, which determines how Optiply handles out-of-stock situations and whether it automatically generates purchase orders for products in high demand. For example, if you want to allow backorders from Supplier E, you would enable the backorder option for that supplier.
Just so you know, Optiply uses this information to calculate optimal stock levels, generate purchase orders, and improve overall inventory management efficiency. It's essential to provide accurate and up-to-date details for each supplier.
By carefully setting up your suppliers on this page, you enable Optiply to optimise inventory levels, streamline ordering processes, and ensure smoother supply chain operations.
Remember to save your changes after updating the supplier information.
You can always revisit this page to adjust or add new suppliers as your business needs evolve.
If you have any questions or need help with the Supplier Setup page, please get in touch with our support team on our chat or at support@optiply.nl. We're here to help you maximise Optiply's supplier management capabilities.
That's it for Step 3 of the Optiply setup process.
Optiply has more supplier settings; you can read about them here.
Please proceed with the next step to continue configuring your Optiply account and unlock more powerful features for efficient inventory management.