Backorder
A backorder is a situation that arises when an item is in demand but not available in stock. This can occur for various reasons, such as unexpected high demand, supply chain issues, or production delays. In a backorder situation, the order will typically be noted and dispatched once the item is back in stock.
Rackbeat January 13, 2024
Manage Your Backorders with Rackbeat
Effective inventory management is crucial to minimize the occurrence and impact of backorders. Rackbeat offers an inventory management system that helps companies predict and manage their inventory more effectively. With real-time data and sales reports, companies using Rackbeat can better plan their inventory levels and reduce the risk of backorders. Additionally, you can set a minimum inventory level for each item, after which Rackbeat will remind you that it is time to reorder when the minimum inventory level is reached.
When an item is on backorder, Rackbeat’s system allows for transparent and efficient communication with customers. This can include updating expected delivery times based on real-time inventory status and a direct message about the change to their order. Moreover, Rackbeat’s supplier overview helps companies place a quick order with another supplier if their primary cannot deliver on time.
