Stock Economic Order Quantity

The economic order quantity is the amount of stock that is the most economic for an organisation to reorder. The economic order quantity is determined by taking into account the cost of purchasing the stock item over the last twelve months, the units of stock issued over the last twelve months, the cost to hold the stock over the last twelve months, and how much stock is estimated will be used over the next twelve months. Pinnacle uses this information to calculate the most economical amount of the stock item to be ordered.

Viewing the Economic Order Quantity from the Stock Item window:

  1. Open the stock item for which you want to view the economic order quantity.

  2. Click the ellipse button (...) next to the Minimum Order Quantity field label.

    Pinnacle will display a window showing the economic order quantity for the stock item. The window also shows the information that is used in calculating the economic order quantity.

  3. Click the OK button to close the window.

Viewing the Economic Order Quantity from the Purchase Order window:

  1. Open the purchase order containing the stock item you want to view the economic order quantity for.

  2. Change to the Items tab of the purchase order.

  3. Highlight the line item containing the stock item that you want to view the economic order quantity for.

  4. Click the ellipse button (...) next to the Quantity Ordered field.

    Pinnacle will display a window showing the economic order quantity for the stock item. The window also shows the information that is used in calculating the economic order quantity.

  5. Click the OK button to close the window.

Printing the Economic Order Quantity for a Stock Item:

  1. Open the stock item for which you wish to print the economic order quantity.

  2. Click the ellipse button (...) next to the Minimum Order Quantity field label.

    Pinnacle will display a window showing the economic order quantity for the stock item.

  3. Click the Print button.

    Pinnacle will print the economic order quantity sheet, which displays the economic order quantity, and all the information that is used in calculating the economic order quantity.

  4. Click the OK button to close the window.

Copying the Economic Order Quantity for a Stock Item into a Purchase Order:

You can only copy the economic order quantity for a stock item if the purchase order is still outstanding. Once the purchase order has been completed, you can only view the economic order quantity for a stock item, you cannot copy it to the purchase order.

  1. Open the purchase order containing the stock item you want to copy the economic order quantity for

    OR

    Add a new purchase order.

  2. If you are adding a new purchase order, enter the purchase order details.

  3. Change to the Items tab.

  4. If you are adding a purchase order, add a line item for the stock item you want to copy the economic order quantity for.

  5. Click the ellipse button (...) next to the Quantity Ordered field.

    Pinnacle will display a window showing the economic order quantity for the stock item.

  6. Click the Copy button.

  7. Confirm that you want to replace the Quantity Ordered with the Economic Order Quantity for the stock item.

    If the economic order quantity is not zero, Pinnacle will copy the economic order quantity for the stock item into the Quantity Ordered field for the purchase order line item. Pinnacle will then close the Economic Order Quantity window.

Related Topics:

Adding a New Purchase Order

Purchase Order Items Tab

Stock Item Details Tab