Overview
Replenishment Policies in Tightly allow merchants to create custom replenishment rules for specific products, particularly useful for seasonal or non-continuous inventory items. This feature enables users to group SKUs together, define reorder parameters, and determine budget allocation strategies.
With Replenishment Policies, you can:
Apply custom replenishment rules outside of Smart Replenishment.
Define priority settings for selected SKUs.
Allocate budget from either Continuity or Open-To-Buy (OTB).
Automate reordering based on custom triggers.
Override Smart Replenishment rules for specific products.Overview
Getting Started
Accessing Replenishment Sets
Navigate to Tightly and log in.
In the left-hand menu, click on Replenishment Policies.
Creating a New Replenishment Policy
Step 1: Enter Set Details
Click on New Replenishment Policy.
Provide a Set Name to identify the group.
Add an optional Description.
Choose a Budget to Use:
Continuity Budget – For items that are regularly restocked.
Open-To-Buy (OTB) Budget – For seasonal or experimental SKUs.
Select a Budget Allocation Strategy:
Best Endeavour – Prioritizes profitable products if the allocated budget is insufficient.
Absolute – If the budget cannot cover all replenishment needs, the system skips replenishment entirely.
Step 2: Define Parameters
Select a Replenishment Trigger:
Periodic – Reorders at fixed intervals.
Inventory Value – Triggers when the total inventory value drops below a set threshold.
Quantity – Triggers when stock levels fall below a defined number.
Days of Cover – Ensures stock covers a certain number of days based on demand forecasts.
Define the Reorder Amount:
Tightly Recommendation – Uses AI-driven calculations to suggest the optimal reorder amount.
Set Fixed Amount – Defines a specific budget to be allocated for replenishment.
Set Fixed Quantity – Manually set a fixed number of units to reorder.
Set Cover Days – Ensures stock is replenished based on a target number of days' worth of cover.
Select a Date Range if the replenishment applies to a specific time period.
Step 3: Add Products to the Policy
Search for and select SKUs to include in the Policy.
Assign each product a replenishment priority.
Click Save to finalize the policy.
Using Replenishment Policies
Once created, Replenishment Policies operate based on the defined rules:
The system continuously monitors inventory levels and applies the configured triggers.
If a replenishment condition is met, the SKU is flagged for ordering.
Products within a Replenishment Policy can be manually adjusted before finalizing the purchase order.
Users can track replenishment recommendations from the Replenishment Dashboard.
Managing Replenishment Policies
View all active and inactive policies in the Replenishment Policies Dashboard.
Use the search bar to find specific policies by name.
Edit, activate, or deactivate replenishment policies as needed.
Delete policies that are no longer required.
Reviewing a Replenishment Policy
Once a Replenishment Policy has been created, you can review its details to ensure that the correct rules are applied. The Replenishment Policy Details page provides a comprehensive overview of:
Set Name & Status – Displays whether the policy is active or inactive.
Number of Variants in the Policy – The total number of SKUs included.
Replenishment Rule – The specific rule that triggers a reorder, such as Inventory Value, Quantity, or Days of Cover.
When to Order – The specific conditions that must be met before reordering occurs.
Order Amount – The total quantity of units suggested for replenishment.
Budget in Use – Indicates whether the budget allocation is from Continuity or Open-To-Buy (OTB).
Budget Allocation Strategy – Defines whether the replenishment follows a Best Endeavour or Absolute strategy.
Additionally, users can:
Edit Policy Details to modify any rules or configurations.
Activate or Deactivate the Policy based on inventory needs.
Add Other Products to expand the policy with new SKUs.
Search Products by SKU or ID for quick access to specific inventory items.
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