To optimize inventory levels, RAAS allows users to set Minimum and Maximum values for all parts (excluding aircraft). The “Min” value represents a stock level that will trigger reordering, and the “Max” value represents the targeted stock level after the new order is placed. These values can be set individually at the Part Description level in Item Editor, or multiple parts at once through the Min Max Settings page in Stores as described below.
Suggested Min/Max Inventory Levels – Overview
The suggested Min and Max inventory levels are calculated from historical consumption and supplier lead times to help maintain adequate stock without overstocking.
Suggested Minimum — The reorder trigger point. It accounts for average and peak consumption, supplier lead time and its variability, and a safety stock buffer to guard against unexpected demand or delivery delays.
Suggested Maximum — The restocking target. It equals the Minimum plus enough inventory to cover roughly one additional lead-time period at the average consumption rate.
Limitations:
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If lead-time data is unavailable, a default lead time is used.
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Items with no consumption history will show values of zero.
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These are guidance figures based on past activity and may not reflect future operational changes or known upcoming needs.
Setting Min Max Values
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Click Stores and select Min Max Settings.
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Select the Base that you wish to set Min/Max values for.
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RAAS will by default select All Item Types and All Inventory Types; however, if you would like to choose only one part or inventory type, choose it from the dropdown menus.
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Select the months to calculate average consumption under the Modifiers heading; the system uses this to generate suggested minimum and maximum values. After you apply modifiers, they are represented in a visual graph in the Consumption column. The SLT column next to the graph represents the average vendor shipping lead time.
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Choose whether to include items without consumption history.
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Click Apply to generate a list of Master Part Numbers together with their Min/Max settings.
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Current Min/Max settings appear as non-editable labels in the leftmost half of Min and Max columns.
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Suggested Min/Max Settings appear as editable text boxes in the rightmost half of Min and Max columns.
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To change the Min/Max values for a part that is not already selected, click the checkbox to the left of the Master Part Number and then enter the new Min and Max values in the appropriate text boxes.
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Once all values are entered, click Update Min/Max. The new values will then appear under Current Settings.
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To return filters and modifiers to their original state, click Reset Filters.
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To export an Excel report of Min/Max settings, click Export.
