APPS-01 - JDE Safety Stock & Buying Recommendations
Explore various methods for calculating safety stock. Additionally, delve into volume-based purchasing recommendations for Procurement to optimize inventory management. (Release 24).
Description
For inventory planning, safety stock provides protection against unforeseen fluctuations in supply or demand. This feature eliminates the need to manually maintain safety stock values by providing the ability to have them calculated and populated by the system. Learn about the different methods to calculate the safety stock and experience the safety stock process - from calculation to update.
The JD Edwards Advanced Pricing system for Procurement now automatically notifies you that a different level break can be achieved by increasing the quantity ordered by a specific percentage while entering a purchase order. The system dynamically identifies all buying opportunities to reduce the item cost and notifies you to increase the quantity to get a better discount on the item. This makes the purchasing process efficient that result in increased savings.
Course Level
This Lecture is designed for Advanced Inventory Management Users.
Prerequisites
Good understanding of the Inventory Management Setup.