WorkPlace Inventory Replenishment facilitates inventory replenishment and speeds
approvals by examining stock levels and requirements for an Inventory Item and
automatically generating requisitions identifying recommended order quantities.
For each item, WorkPlace Inventory Replenishment looks at the desired replenishment
level; if there is insufficient quantity in stock (e.g. if the desired stock quantity
exceeds the quantity on-hand), the stock manager can generate an inventory replenishment
transaction that will automatically create a purchase requisition in WorkPlace and submit
it for approval.
Any pending requisitions for like stock are taken into account, and those quantities
will be automatically subtracted when generating the requisition. Specific criteria
can be set identifying items for replenishment, or a single transaction can easily
be generated for all items needing replenishment.
WorkPlace Inventory Replenishment takes the guesswork out of replenishment and speeds
approvals because approvers know that the recommended replenishment quantities conform
to their organization's purchasing parameters.