Work out exactly how low a product's stock should get before you place the next order — low enough to avoid tying up cash, high enough to avoid running out.
Formula used: Reorder Point = (Average Daily Usage × Lead Time in Days) + Safety Stock. This is a standard inventory planning formula — adjust the safety stock figure based on how variable your demand or supplier delivery times actually are.
BizFlare tracks stock levels in real time and alerts you before you run out — no spreadsheet needed.