Replenishment parameters overview

The Replenishment Parameters encompass the parameter settings necessary to utilize many of the features in Advanced Inventory Management (AIM) replenishment. The Advanced Inventory Management (AIM) process utilizes a parameter setup, which defines the inventory and replenishment settings at the company, warehouse, vendor, and purchasing line levels and requires additional parameters to be established based on a hierarchy for applying the parameter settings. The hierarchy utilized by FACTS is, listed from least to most specific:

Company

Warehouse

Vendor

Purchasing Line

Item

Warehouse / Item

The parameters are stored in the ICREPL table–Inventory Control Replenishment Parameters. The table ICREPL fields control parameters affecting the replenishment algorithm for an item or items. The functions that the parameters serve are explained in further detail here , and can be summarized as implementing the Grant Howard Best Practices for Inventory Management approach. At the minimum, the Company level parameters must be established / reviewed, with their default values dictated by the AIM process.

You may decide to set up only the company level record for the majority of the parameters, and set only select parameters at other levels. Most parameters have a flag that turns them “on” or “off.” If you choose not to have any parameters at the vendor or purchasing line level, for example, do not create those Inventory Control Replenishment Parameter records. Some parameters are available at the company, or company and warehouse levels only.

This function will also track usage and cost matrix settings used to adjust ordering controls when a product experiences low or exceptional usage. The Replenishment Parameter Maintenance program presents the options in a logical, easily understood format where settings can be made at the company, warehouse, vendor and/or purchasing line level.