1. Measure average daily demand
Use a representative period and exclude one-time spikes unless they are expected to repeat.
2. Enter replenishment lead time
Count the days from placing an order until new keys or units are usable.
3. Set safety stock
Add a buffer for demand variation, supplier delay, failed codes, or reserved inventory.
4. Enter current and target stock
Current stock should include only usable units; target stock is the desired post-reorder level.
5. Act on the reorder status
Order when current stock reaches or falls below the calculated point.