analyzing inventory reports - epicorinventory aged analysis report yranks items based on inventory...
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Prophet 21 Acclaim
Analyzing Inventory Reports
This class is designed for…
Buyers, Purchasing Agents and Operations Managers that are responsible for maintaining efficient inventory levels
Objectives
• Run and use reports to understand inventory performance
• Check for potential issues in service levels• Check for potential issues with low turns
This course will NOT cover…
Basic purchasing proceduresAcclaim navigationAcclaim basics
Inactive Item Report
Shows all items with no sales or purchasing activity after a specified dateShows the number of months supply currently on hand
Found in Item List/Inventory Lists and Report Options/Print an Inactive Items ReportCan optionally show only items with free stock
Inactive Items Report
Inactive Items Report
Return Surplus Stock Report
Finds items that are overstocked according to pre-defined criteriaEach item's excess quantity is calculated using the method of purchasing from the item record
Found in Item-List/Inventory List and Report Options/Return Surplus Stock ReportCan optionally choose to round to package size
Return Surplus Stock Report
Return Surplus Stock Report
Inventory Aged Analysis Report
Ranks items based on inventory costsItems are aged according to their estimated monthly usage and their on-hand quantityReport forecasts how long it will take to deplete inventory in terms of cost
Found in Item List/Inventory Ranking Options/Generate an inventory aging analysisOnce generated, report can be printed in Item List/Inventory Ranking Options/Print an inventory ranking report
Inventory Aged Analysis Report
Inventory Aged Analysis Report
Aged Inventory Value Report
Shows dead inventory based on last sale date or last purchase date and the value of this inventory based on cost to carryReport will show full inventory value report plus additional columns of value over specified dateParameters can be used to include cost to carry into devaluation
Aged Inventory Value Report
Low Turn Checklist
Item is on wrong method of purchasingSeasonal items are not set up properlyOrders entered erroneously
more…
Low Turn Checklist
Large sales are not filteredPurchasing in periods smaller than review cycleSafety stock is too high
more…
Low Turn Checklist
Order point set too high in item recordOrder quantity too highReclassifying too oftenCarrying too much dead stock
more…
Low Service Level Checklist
Problem with a whole vendor lineBuying in periods longer than review cycle Poor Lead time (bad factor, bad supplier)Problem items - run report in detail
more…
Low Service Level ChecklistProblem with specific items
Item on wrong method of purchasingFree stock unorganized and/or inaccurate Free stock not allocated to backorder or TBOOld, inaccurate Due-In quantitiesOrder point too low in item recordItem is seasonal but not set up that wayLost sales not being enteredNot catching trendsLarge sales not monitored
Summary
• Run and use reports to understand inventory performance
• Check for potential issues in service levels• Check for potential issues with low turns
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