Different low quantity limit per product

It would be amazing if rather than having one minimum quantity for all products (eg. alert if less than 5 products), a different minimum/alert quantity could be set for every products so that we could set the minimum stock quantity for each product based on past sales.  And even better again if we could set both a min & max qty, so when it sends the report, it informs how many need to be ordered.

I have something called reorder point that might be of interest. I can publish it when I get a good opportunity.