The reorder lives in one person's head
Someone reads a stock report, remembers a lead time, opens an email and types an order. When that person is on leave, the reorder is late, and nobody else knows which supplier quoted what.
AUTOMATED PURCHASE ORDERS
Purchase orders that raise themselves when stock runs low
Miridia is the supply chain automation platform. It watches stock against a reorder point for each product and location, raises the purchase order to the primary supplier, and posts the goods received note straight into the inventory ledger.
WHAT GOES WRONG
Where manual purchasing costs you
Reorder points were set once
A reorder point is demand during the lead time plus safety stock, and both inputs move. A level that was entered when the system went in protects against last year's demand, not this month's.
Receipts do not reach the stock count
The delivery is counted on the dock, the paperwork goes to finance, and the stock figure is updated later or not at all. A short delivery or a damaged case disappears between the two.
Nobody knows which supplier is late
Without a record of the promised and the received dates, a supplier that slips is noticed only when the shelf is empty. The next order goes to the same supplier on the same lead time.
8.3% average out-of-stock rate across the FMCG industry
9.8% procurement workload growth against 1.0% more staff
From The Cost You Cannot See, with the source of each figure in the report.
HOW IT RUNS
From signal to receipt
- 01
Stock falls below the reorder point
Each product has a reorder point, a reorder quantity and a safety stock for each location. A sale, a transfer or a write-off that takes the stock below the point starts the reorder.
- 02
Purchase order raised
Miridia raises the order to the primary supplier, with the price of that supplier and an expected date from its lead time. Lines for the same supplier are grouped into one order.
- 03
Approved and sent
An order above the value that you set waits for an approver before it goes to the supplier, and the creator is told the decision. The supplier confirms the order and sends delivery updates.
- 04
Goods received
The goods received note records the quantity ordered, received and damaged. It posts the stock into the ledger and updates the weighted average cost. A partial delivery stays open until the rest arrives.
FROM SIGNAL TO RECEIPT01Stock falls below the reorder point
02Purchase order raised
03Approved and sent
04Goods received
Connected by Miridia
THE PLATFORM
What Miridia does about it
Reorder points for each product and location
Set a reorder point, a reorder quantity and a safety stock for each product at each location. A store and a warehouse that hold the same product reorder on their own levels.
The right supplier on each line
A product can have several suppliers, with one primary. Each supplier has its own SKU, lead time, minimum order quantity and last quoted price, so a purchase order line takes the correct price and date without a lookup.
Forecasts that reach the purchase order
With Miridia Planner, an add-on, the forecast sets the lead-time demand, the safety stock and the reorder point. Planner turns its suggestions into draft purchase orders, one for each supplier and rounded to the minimum order quantity, in one step.
The landed cost on the order
Add cost lines for shipping, duties, insurance and other procurement costs to a purchase order. The cost of the stock then includes what it took to bring it in.
Approvals that match your rules
Set the value above which an order needs an approver. For a business with procurement governance, requisition-to-order workflows add an authorisation matrix and budget controls.
Supplier scorecards from your own orders
Miridia measures the lead time, on-time delivery, fill rate, defect rate and spend of each supplier from purchase order history, and ranks all suppliers on one page. A workflow can alert the buying team when a supplier falls below your threshold.
HONEST FIT
When Miridia fits, and when something else fits better
Miridia is a good fit when
- You buy stock from suppliers on lead times, for resale or for production.
- Someone on your team raises purchase orders from a stock report or a spreadsheet.
- You hold stock in one or more locations, and each one needs its own reorder level.
- You need approvals on spend, without an enterprise procurement suite.
Choose something else when
- You run sourcing events, contract management and supplier onboarding for a large procurement department. An enterprise procurement suite such as SAP Ariba or Coupa
- You buy a few products from one supplier a few times each year. The purchase orders in your accounting package
- You only need a forecast, and another system raises and receives the orders. A standalone forecasting tool
QUESTIONS
Automated Purchase Orders: common questions
Does Miridia raise purchase orders automatically?
Yes. When stock falls below the reorder point of a product at a location, Miridia raises a purchase order to the primary supplier, grouped with the other lines for that supplier. An order above your approval threshold waits for an approver before it goes out.
How does Miridia choose the supplier and the price?
Each product can have several suppliers, with one marked as primary. The purchase order line takes its price from the primary supplier and its expected date from the lead time of that supplier. Each supplier also keeps its own SKU and minimum order quantity.
What happens with a short or a damaged delivery?
The goods received note records the quantity ordered, received and damaged. A purchase order can be received across several notes, so it stays open until the last delivery. The fill rate and the defect rate of the supplier come from these records.
Can the reorder point follow the forecast?
Yes, with Miridia Planner, which is priced separately. Planner recalculates the safety stock and the reorder point from the forecast, and it turns its replenishment suggestions into draft purchase orders rounded to the minimum order quantity of each supplier.
Does the purchase order reach my accounting package?
Yes. Miridia sends the purchase order to your accounting package, for example Xero, so the commitment is on record before the supplier invoice arrives.
MAKE. MOVE. MEASURE.
See your next purchase order raise itself
Bring a stock export and a supplier list. We set the reorder points in a demo account and show you the orders that Miridia would raise today.