The inverse of the Safety Stock, your stock cover is the maximum amount (in days) of stock you’d like to hold at any time. When creating a PO, if your 'Days of Cover' is set to 90 days, you are essentially ordering 3 months worth of stock. If your stock levels exceed this number, the system will notify you (in the “Stock Health” section of the Buying Table) that your product is in “Excess”.
Setup
The days of cover can be set in two places, either at an account level or per individual SKU. To set at an account level, head to the Days of Cover section of your Settings. Please note that the default settings is 90 days.
Some brands find it useful to change the stock coverage for different SKUs depending on external factors such as supply issues or external marketing campaigns. To set at an individual SKU level, head to the Buying Table and follow these instructions. Please note that the safety stock column is hidden by default and so you will need to go the 'Manage Columns' option and add this to your table view.
FAQs
If you change the stock cover of a SKU in the Buying Table this will then become locked from any changes made in the default settings. E.g the default number in the settings is 90 days however, in the Buying Table you override several products to 120 days. If you then change the default number in the settings to 60 days, the previously edited SKUs in the Buying Table will remain with a stock coverage of 120 days. If you want to override this number from 120, you will need to change these manually or bulk edit them in the Buying Table.
The days of cover is measured in days (not units) and this calculated using the QTY Daily Plan. Why? Because if you set your Days of Cover based on units you will have to constantly update them if you have any seasonality. As in June 100 units may last you for 30 days but in November 100 units will last you only 5 days. Therefore, we make sure to base it on days of cover to keep your supply operations under control.