Under INVENTORY Under Product Variants I see two columns. Quantity on Hand and then Forecast Quantity. I have not set Reorder levels. Why there is 2 such column
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Vistes
Onhand quantity = physical quantity present in your stock location
Forecasted quantity = Onhand quantity - outgoing shipment product quantity + incoming shipment product quantity.
Example 1:
Suppose we have a product A and we have onhand quantity for product A = 20
When we create SO for product A for 5 quantity then our forecasted quantity will be 15 but still we have onhand quantity 20 because we don't still validate particular SO so it will not deduct quantity from our stock location.
After confirming SO and before validating outgoing shipment:
onhand quantity: 20
forcasted quantity: 15
After validating SO outgoing shipment:
onhand quantity: 15
forcasted quantity: 15
Example 2:
Suppose we have onhand quantity for product A = 15 and we create PO for product A for 10 quantity then we will have 10 quantities increased in forecasted quantity.
After confirmation of PO before validating PO incoming shipment:
onhand quantity: 15
forcasted quantity: 25
After validation incoming shipments for PO.
onhand quantity: 25
forcasted quantity: 25
Hope this will be useful.
Thanks,
Husain
Quantity on Hand = Physical stock Qty
Quantity Forecasted = Physical stock Qty + Ordered Qty.
Eg. if you have 0 pcs raise PO to supplier for 20 pcs , On Hand = 0, Forecasted = 20
Odoo 10
Quantity on Hand = Physical stock Qty
Quantity Forecasted = Physical stock Qty - Ordered Qty(unserved) + incoming stocks.
Ty Jan
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Ty Jan. There were few sales orders in my system for which warehouse our/Delivery was not done but sales invoice created. I have validated deliveries for all such Sales Orders.
Earlier forecasted stock was higher than stock on hand (stock on hand + stock in order) Now after validating deliveries SOH is equal to forecast stock quantity. Is that how the product variant report shown
The forecasted stock will reduce once a sales order for that product is raised (as it's a forecasted sale) once the order is delivered, the Qty gets deducted from Stock on hand.