SAFETY STOCK LEVEL MONITORING PROCESS

Created by ChecklistGuro (https://checklistguro.com)

[ ] Fetch Current Inventory Levels: Retrieve the current stock levels for all items in the Inventory data model.
[ ] Fetch Safety Stock Thresholds: Retrieve the predefined minimum safety stock levels for each item.
[ ] Fetch Lead Time Data: Retrieve the average lead time per supplier from the Supply Chain data model.
[ ] Calculate Average Daily Usage: Aggregate historical sales/usage data to find the average units consumed per day.
[ ] Calculate Dynamic Safety Stock Target: Execute formula: (Max Lead Time * Max Daily Usage) - (Avg Lead Time * Avg Daily Usage).
[ ] Identify Stock Deficit: Calculate the difference between the Safety Stock Target and the Current Inventory Level.
[ ] Determine Reorder Point: Calculate: (Average Daily Usage * Lead Time) + Safety Stock Level.
[ ] Update Inventory Status: Update the 'Status' field of the item to 'Critical' or 'Low Stock' if levels fall below threshold.
[ ] Create Procurement Task: Create a task for the Purchasing Manager to initiate a replenishment order for items below the Reorder Point.
[ ] Create Warehouse Audit Task: Create a task for the Warehouse Supervisor to perform a physical count if a discrepancy is detected.
[ ] Create Replenishment Request: Create a new entry in the 'Purchase Requisition' data model for the identified items.
[ ] Notify Procurement Team: Send an email alert to the procurement department with a summary of items requiring immediate reorder.
[ ] Critical Alert SMS: Send an SMS to the Warehouse Manager if stock levels hit 'Zero' or 'Emergency' levels.
[ ] Generate Weekly Stock Health Report: Create a summary report showing all items currently below safety levels and total value of stock at risk.
[ ] Cleanup Resolved Alerts: Delete or archive old 'Stock Alert' entries that have been addressed by replenishment.

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