Weeks of Stock
The ‘Weeks of Stock’ parameter determines how many weeks of safety stock you want to keep for each product. In other words, it determines how many weeks of sales you want to keep on hand, before you re-order.
By default, this parameter is set to 6 weeks. If you don’t change this parameter, it means all you products will keep 6 weeks of stock in your inventory to make sure you can cover 6 weeks of sale.
The Weeks of Stock can be managed on two levels:
Default (managed in Forecast Settings)
In the Forecast Settings, you can change the default settings for Weeks of Stock. If no value is entered for individual products, this value is used for all products in the store.
2.) Weeks of Stock by Product
You can edit and change the Weeks of Stock on a product level directly in the Product Management pages;
The Weeks of Stock by product take precedent. If no value is entered, the calculation will fall back on the default value.
The second parameter that affects the order proposals is the lead time.
Lead Times can be set up on different levels:
- Default (all products in the store)
- By Supplier (managed in the Supplier pages)
- By Product (manage in the Product Management pages, or single product pages.)
Lead Time by Product takes precedent – if no value is entered, the calculation will fall back on the lead time value set by Supplier. If neither of these parameters are present, the default value for Lead Time is used.
Minimum Stock vs Ideal Stock
For some products, you might want to use a Minimum Stock.
Minimum Stock is a standard feature in WooCommerce.
By default, the extension uses the Ideal Stock, based on your store’s sales forecast and the parameters you have set for products and suppliers. In some case, you might want to use a Minimum Stock, for example for slow moving items or for items you want to make sure you always have on hand.
If you want to use the Minimum Stock feature, switch the setting to ‘Use Min Stock..’
You can change the value for Min Stock in the Product pages by editing the Low Stock Treshold:
The Low Stock Treshold is now used to drive your order Proposal: