Par level
A target on-hand quantity for an item -- the level you top back up to during replenishment.
A par level is the standard stock quantity you aim to keep for an item; when you reorder, you buy back up to par. It's a simpler alternative to full forecasting for stable, predictable items and common in retail backrooms and supplies.
Skuwell supports par-based replenishment alongside forecast-driven recommendations, so steady items can run on simple top-up rules while volatile ones get the full forecasting treatment.
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The stock level at which you should place a replenishment order so you don't run out before it arrives.
Read definition → Open-to-buy (OTB)A budgeting method that controls how much new inventory you can purchase in a period, given planned sales and stock targets.
Read definition → Demand forecastingPredicting future sales for each SKU so you can buy the right quantity at the right time.
Read definition →See it working on a live system.
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