Inventory reports monitor the biggest, most important component of your product-based business: your inventory. In fact, inventory reporting metrics offer the in-depth insights businesses need to upgrade their reorder points, forecasting, budgeting, and more. That’s why using inventory data from these reports is an excellent asset to your inventory planning.

Since inventory reports are centered around your existing inventory levels, they’re basically a measure of how much capital you have tied up in your various products and barcodes. With proper inventory reporting, companies can leverage a number of advantages, including better inventory planning, transparent inventory tracking, and organized inventory categorization - all of which helps ensure profitable growth. Maintaining the right amount of inventory is vital to the success of manufacturing, wholesale, and retail businesses alike. Inventory reports can be physical or digital, and can help avoid stockout and overstocking. It can include numbers representing total inventory, best-sellers, and other information about products to help with inventory management, tracking and categorization.Ī good inventory report provides an account of inventory items so businesses know what they are able to sell, and what needs to be ordered. What is an inventory report?Īn inventory report is an electronic or physical document to summarize the amount of current inventory a business has on hand. But what is an inventory report, and how can reports be used to enhance your business ventures? Keep reading to find out. While this may not seem like much of an offense, the truth is, faulty reporting could be the deciding factor in whether an ecommerce company sinks or soars above the competition. And yet, too many small businesses either don’t track their inventory or rely on manual methods to do so (leaving them prone to inaccurate data). In the world of retail, inventory reports are a well of knowledge and valuable insights. Inside Extensiv Show submenu for Inside Extensiv.Resource Library Show submenu for Resource Library.Integrations Show submenu for Integrations.

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