Paladin provides a way to calculate the correct amount of inventory to have on hand (frequent sales vs seasonal). To understand the difference between items that sell frequently versus items with sporadic sales opportunities (seasonal), Paladin has set a default value of 15%, meaning items that sold in less than 15% of the weeks in a year (8 weeks) should be considered sporadic sales opportunities and will be stocked at a lower level during their off season.
If you want to reduce calculated stock needs (i.e. order less) on slow moving, semi-seasonal products, you can set the value to a higher number. 30% would establish the threshold at 16 weeks (52 * 30%). 40% would use 21 weeks, or less, per year as the threshold.
This setting has no effect on products currently “in-season.” If you want to lower the suggested order quantities on off season slow movers, increase the value.
To access/change the values:
- In Paladin, from the main menu, select File > Setup.
- Select the Company tab.
- In the Inventory pane, enter your weekly threshold percent in the Forecast Demand Active Weeks Threshold % field.
- Click Save, and then click Close.
If you have questions or suggestions about this information, contact firstname.lastname@example.org.