Vendor Review Cycle Reset (ICR770)

Using Reports

Use this program to obtain a report of the current and recommended vendor review cycles. The optional update allows you to reset the current with the recommended cycles as displayed on the report.

The vendor review cycle is the amount of time between dates that a vendor is reviewed for replenishment in order to meet buying targets. For example, if in order to receive a discount there is a minimum purchase amount, that minimum should be met each time you order from the vendor. The review cycle determines when orders should be placed in order to take advantage of the discount.

The review cycle formula is as follows:

Review cycle = 360 days/number of reviews per year

(reviews per year = total annual cost/buying target $)

This reset determines the buying target in dollars only. Buying target pounds are not used.

The vendor review cycle is used to print the Vendor Review Dates Report.

Report information includes:

vendor	buying target
item number	dollars and pounds
item descriptions	date of last purchase order
current review cycle	buying requirements
reset review cycle	cost for each period (optional)
min/max review cycle	total number of vendors listed
total cost for past 12 periods	basic calculations are included in the report legend

To access this program, choose Inventory Control-->Reports & Prints -->Vendor Review Cycle Reset.

Use the following fields to print a Vendor Review Cycle Reset Report:

1. Beginning Vendor

Enter the first vendor you want to see on your report. Press Enter (CR) to default to FIRST vendor record on file. Press F2 or $image\find_shg.gif$ to search.

2. Ending Vendor

Enter the last vendor that should appear on your report. Press Enter (CR) to default to LAST vendor record on file. Press F2 or $image\find_shg.gif$ to search.