Video Script
On the forecasting page, we take the daily sales rate for each of your products on Rivly and use that to provide predictions on when you should re-order your products. Here you can adjust the time frame you want us to use to calculate your daily sales rate which helps to create a more accurate forecast if you have products that were out of stock at some point or you have a seasonal product. For example, if I know my product sells the most in Q4, using data from Q3 is not very helpful so I can set this to use last year’s Q4 numbers in creating this forecast.
You have the ability to set your lead time and desired supply in days here, or you can set them in bulk using our bulk action button. Days of supply represents the number of days of stock you have left before selling out. Your lead time is the number of days it takes from the order being placed with your supplier to the time it’s in stock and ready for fulfillment with a customer order. Your desired supply is the number of days you want your inventory to last once it’s first in stock and ready to ship. The order-by date is the last day that you can place an order with your supplier and get that order into stock and ready to ship before your existing stock sells out. Order today quantity is the number of units you would need to order to hit your desired days supply at this calculated daily sales rate.