What is changing?
Currently we calculate BOP = Previous(EOP). With this update Toolio will calculate EOP instead, using BOP + Receipts - Gross Sales + Returns.
All of your existing data will be migrated to the new format.
Why are we making this change?
The new calculations will enable a more streamlined Receipts and Inventory planning workflow, allowing you to calculate your Receipts or Inventory plans in real time with less manual effort.
What are the impacts?
Impacts to Actualized Inventory Data
Actualized Inventory Data will not be impacted if you send your inventory data to Toolio at the daily granularity via your integration. If you have been feeding inventory data into Toolio weekly, you can see the Actuals shift by a few days.
Impacts to Planned Inventory Data
Planned Inventory Data will not be impacted
Impacts to Planned Receipt Data
Planned Receipt Data may be impacted, depending on your configuration.
Note: If your configuration will be impacted in this way, our Customer Success team will save a snapshot Scenario of your Master plans
Since this update impacts the Receipt and Inventory planning workflows, it may set your existing receipt plan to 0.
Once the update is complete, generating your receipt plan is straightforward. Please see this article for a breakdown of how to Generate Receipts from Inventory.
When is this update occurring?
This update will take place on a rolling basis in October 2021.
Your Customer Success Manager will work with you to coordinate the exact date, and address any questions.