Strategic Inventory Planning and Projection Reporting
Projecting future inventory needs is a delicate balancing act which is dependent on a sophisticated series of calculations. Starting with an item’s current on-hand quantity, accurate needs projections has to factor in inbound stock (from purchase orders and work orders), outbound stock (including open sales orders and projected sales), and a ‘best guesstimate’ on projected sales growth based on historical performance.
The inventory planning and projection report not only considers all of these factors when forecasting future needs, it also allows you to customize these calculations based on organization-specific factors.
The top business insights provided by this report include:
- Whether you have enough stock on-hand to fulfill orders in the weeks ahead
- Whether you need to place purchase orders to avoid backordering
- How estimated sales growth percentages affect on-hand predictions
- Whether you need to worry about stock excesses, expirations, or spoilage
- Segregated estimates for ‘high’, ‘low’, and ‘medium’ demand items
- The chronology of projected item sales with incoming deliveries (POs)
- Whether any items will drop to below (or near to) their safety stock levels
- Visibility into times of higher-than-normal sales (& projected sales)
- Totals showing week-to-week changes in quantity on-hand and net change
The report includes the following components:
KPIs: item quantities on hand, on PO, on SO, projected sales, shortages, & surpluses
Totaled by: item & week (rolling)
Selectable by: site, item, item class, demand (high/low/medium),shortage and/or surplus
Timeframe: selectable date range
Special: selectable sales growth percentage
Check out this two-minute video demo of DataSelf’s Inventory Planning & Projection Report here >>
