Inventory Coverage + ABC Analysis Report

by
Odoo

$ 389.14

v 17.0 Third Party
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Sales (sale_management)
• Discuss (mail)
• Invoicing (account)
• Inventory (stock)
Community Apps Dependencies
Lines of code 121456
Technical Name setu_inventory_coverage_abc_analysis_report
LicenseOPL-1
Websitehttps://www.setuconsulting.com
Versions 16.0 17.0
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Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies • Sales (sale_management)
• Discuss (mail)
• Invoicing (account)
• Inventory (stock)
Community Apps Dependencies
Lines of code 121456
Technical Name setu_inventory_coverage_abc_analysis_report
LicenseOPL-1
Websitehttps://www.setuconsulting.com
Versions 16.0 17.0
Setu Consulting Services Pvt. Ltd.
Request a Demo
Community
Enterprise
Odoo.sh
Inventory Coverage Insights : ABC Analysis

Addressing Inventory uncertainties is crucial for businesses. Without a robust system, companies often face challenges like stockouts, high holding costs, and missed sales opportunities, resulting in dissatisfied customers and financial burdens from excess inventory.

Odoo Inventory Coverage Report

Introducing the Inventory Coverage insight of ABC Analysis Application

The Inventory Coverage Insights : ABC Analysis Application – A powerful tool provides strategic insights into the coverage days of high-priority (Class A), moderate-priority (Class B), and low-priority (Class C) items. Make critical business decisions by understanding potential stockouts and their timelines, tailored to the value classes of your inventory.

By utilizing historical sales data, it calculates average daily sales and analyzes on-hand quantities to offer a clear roadmap, enabling businesses to precisely determine how many days their current stock can cover?

When this data is further combined with ABC classification, it empowers businesses to:

Determine which inventories should be reordered at earliest to avoid potential risk of lost sales due to their importance(High Sales (A)) and low stock levels?
Identify inventories for which you should strategize marketing efforts to sell, thereby removing unnecessary capital tied up in surplus stock with minimal sales.
Optimizing overall stock levels
Strategically reordering on time
Enhance customer satisfaction and build loyalty.
Ultimately enhancing overall business efficiency

It's not merely a tool; it enhances your decision-making strategies, mastering the art of inventory management.

Key Features

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Dynamic Report Generation

Create reports for your entire company or specific warehouses according to your requirements.

Vendor Selection Strategy

Option to choose the Quickest or Cheapest vendor to align your delivery needs.

Coverage Ratio Calculation

Evaluate stock level effectiveness against vendor lead times.

Multiple Options for Calculating Coverage Days

Versatile stock coverage assessment with flexible calculation options for coverage days - Static Coverage Days or Vendor Lead Days.

Coverage Days

Determine the number of days your the current inventory stock can sustain sales demand.

Stock Out Days

Assess potential stockout days for each inventory in comparison to your planned days.

Real-time Stock Visibility

Gain real-time visibility into stock levels information.

Accurate Financial Analysis

Ensure accurate financial insights from the vendor currency specification.

Re-Order Timeline Management

Effectively schedule re-order timelines using lead days information.

ABC Inventory Classification with Coverage Days

Identify the coverage days of your high-value (Class A), moderate-value (Class B), and lower-value (Class C) inventory.

Dual Insight for Informed Decisions

Gain a comprehensive understanding of both stockout days and the importance (Class A, B, C) of each inventory item.

Priority-Aligned Inventory Management

Ensure optimal stock levels for high-importance items (Class A) and minimize the excess for lower-priority items (Class C) through dual insights into stockout days and inventory importance.

Inventory Coverage Days Report enable users to:


  • arrow Easily recognize which inventories require immediate action to restock and prevent revenue loss.
  • arrow Identify inventories where capital is unnecessarily tied up due to potential overstocking and low sales.
  • arrow Identify cost-effective ways to manage stock levels, reducing unnecessary expenses.
  • arrow Identify the most suitable vendor based on Vendor Selection strategy.
  • arrow Optimize inventory strategy, focusing on high-priority inventory, by avoiding Out-of-stock situations.
  • arrow Make an informed decision of - when to reorder high priority items to prevent stockouts?
  • arrow Optimize budget by minimizing holding expenses for lower-priority items (Class C)
  • arrow Ensure efficient management of inventory across A, B, and C class categories.
  • arrow Optimize procurement decisions by gaining insights into vendor prices and lead times.
  • arrow Analyze purchase costs and make smart financial decisions, through currency specification for businesses with multiple currencies.
  • arrow Quickly assess financial well-being through effortless calculation of coverage ratio.

    • Screenshots

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