[VIDEO] Catalog Formulas and Replenishing Stock of Parts 

Purchasing components for your project can be a hard and tedious task. To export data from a CAD system, to create part lists for purchasing, organize them by quantities, and managing the lists of components – all these tasks are hard and unpleasant. So, it is not surprising that you will be looking at how to automate and simplify the task. 

OpenBOM production and purchasing planning can help you do exactly that. As you probably know already, you can organize items in the catalogs, export data from CAD, and manage BOMs and purchasing. 

One of the often asked questions is how to get a timely alert that you need to order some parts that have a Quantity on Hand below some predefined quantity (replenishment level). 

To do so you can use a simple formula in the catalog to that will help you to calculate it. The easiest way to do so it to create another property in the catalog that will indicate the min stock level. Then you can make a calculation between Quantity on Hand and this min stock level and if the result is negative, it means you need to order. Sort will help you to do it more efficiently. 

Please check the video for more details.

Conclusion 

OpenBOM catalog formulas give you an easy way to make useful calculations to define criteria for ordering. It is not limited to that, but also can help you to do many other useful calculations – eg. Stock cost, etc. 

Check it by yourself – register to use OpenBOM for free and start a 14-day trial for Company Subscription NOW. 

Best, Oleg

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