New Virtual Analyst Tool for Lightspeed Users
Build better margin this fall and winter, plus take advantage of our brand new Overstock Margin Booster benefit
At HLC, we're dedicated to providing our IBDs with the most cutting-edge solutions to meet their business requirements. With an eye toward innovation, HLC created a new feature that lets retailers using Lightspeed POS specify minimum and maximum inventory requirements. Based on these thresholds, merchants may see recommendations for products to reorder on their HLC dashboard.
For a given delivery address (Lightspeed Shop Id), the Virtual Analyst tool will propose recommended purchases based on the products if the items in your Lightspeed POS have Automatic Replenishment filled in with the Reorder point (Min) and Inventory Level (Max).
Red highlights items that have dropped below the minimum order quantity (Min).
Orange indicates items that are about to drop below the reorder threshold (Min). When the inventory level of an item is greater than the minimum but less than 1.5 times the minimum, it is deemed to be "soon to fall below reorder point."
Sku matching: If there is no match between your products and the HLC items, we will look at the bar codes (either the UPC or the EAN) to see if there is a match.
Book an onboarding call to start using Virtual Analyst today!
What is Min/Max or Why should I use it?
In retail inventory management, the min-max system helps maintain optimal stock levels. “Min” represents the minimum quantity that should trigger a reorder, ensuring you never run out, while “max” is the maximum level indicating when to stop ordering. This approach minimizes stockouts and excess inventory, improving efficiency and cost-effectiveness for a business.
Determining the right min and max levels for a SKU involves balancing factors like demand variability, lead time, and service level goals. Analyzing historical data to understand this demand and lead time variability is key to getting levels correct as well as considering factors such as safety stock to account for unexpected fluctuations. Adjusting based on service level targets and business priorities and regularly reviewing and refining your parameters is key to success.
HLC is here to help analyze your historical data and provide insights into setting up your Virtual Analyst min-max levels all with the goal of preventing stockouts and avoiding excess inventory in your store. Let us know how we can help.
Qualify at the top level for 2+ of these 4 brands and you'll get access to all current Overstock Margin Booster pricing available at HLC
Brand
Buy-In Levels
Immed. Discount
Recur. Discount
$3,000
$1,000
$750
10%
5%
3%
6%
5%
3%
Dealers can also qualify with and earn standard discounts for Avid, Quarq, RockShox, Time and Truvativ
$500
$250
6%
3%
6%
3%
$500
$250
5%
3%
5%
3%
$500
$250
6%
3%
6%
3%
• Deadline to earn Overstock Margin Booster benefit is October 31, 2023
• Overstock Margin Booster pricing may take 3–5 business days after qualification to show on your account
• Overstock Margin Booster pricing is effective while quantity of eligible products last and may be subject to change without notice
All other standard Flex Plan brands are listed below. You must qualify for each brand separately to earn immediate/recurring discounts.
Brand
Buy-In Levels
Immed. Discount
Recur. Discount
$400
5%
5%
$500
$250
5%
3%
5%
3%
$300
$150
10%
3%
5%
3%
$1,500
$1,000
5%
3%
5%
3%
$300
$150
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$1,500
$1,000
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$300
$150
10%
3%
5%
3%
$300
$150
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$1,000
3%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$500
$250
5%
3%
5%
3%
$300
$150
5%
3%
5%
3%
$750
$500
$250
8%
5%
3%
8%
5%
3%
$500
$250
5%
3%
5%
3%
$1,500
3%
3%