When are we going to get comprehensive inventory reports?
Some of the reports that we should have are: 1. Stock on Hand (SOH) Report Shows current inventory levels by product or SKU. Helps with day-to-day replenishment and stocktake planning. Inventory and Inventory Summary help with this but there are a lot of limitations especially with the Inventory Summary Report. 2. Stock Valuation Report Calculates the total value of inventory on hand, often broken down by cost method (FIFO, LIFO, Average Cost). Essential for financial reporting and end-of-year accounts. 3. Low Stock / Reorder Report Improvement on the current one would be great. 4. Stock Movement Report Tracks inventory in and out (purchases, sales, transfers, adjustments). Useful for identifying patterns, shrinkage, or anomalies. 5. Sales vs. Inventory Report Compares sales data against inventory levels to show what’s moving and what’s not. Helps optimize stock levels and purchasing decisions. 6. Dead Stock Report Identifies items that haven’t moved in a defined period (e.g., 90 days). Useful for clearance strategies and improving stock turnover. 7. Backorder Report Lists items that are out of stock but have customer orders pending. Important for customer communication and supplier follow-up. 8. Purchase Order Report Shows outstanding POs, expected delivery dates, and quantities. Helps track supplier performance and manage incoming stock. 9. Stock Adjustment Report Details manual adjustments made to inventory (e.g., due to damage, theft, or corrections). Useful for auditing and loss prevention. 10. Cycle Count Report Used for ongoing inventory audits without full stocktakes. Supports accuracy in high-value or fast-moving SKUs. 11. Inventory Turnover Report Measures how often inventory is sold and replaced over a period. Indicates efficiency of stock usage. 12. Bin Location Report Lists where items are stored (for warehouses or large storerooms). Helps staff locate stock quickly and accurately.
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