Basics of Inventory Report
Physical or electronic document indicating the amount of stock within a company
This inventory report allows a company to know the inventory levels within the warehouse.
What is On-hand Inventory Report?
This helps businesses make informed decisions regarding sales and purchases through prediction
What is Forecasting?
This can be used to create an inventory report
What is Microsoft Excel/Google Sheets?
This is the process of ordering, storing and controlling the flow of products within a business
What is Inventory Management?
These mainly benefit from an inventory report
What is a business?
This inventory report allows a business to keep a record of inventory across warehouses.
What is Multi-Stock Location Inventory Report?
This analysis helps to categorize items based on their value and importance
What is ABC Analysis?
This is the first step in creating an inventory report
What is creating a column for inventory items?
_____ the time for managing inventory is a benefit of inventory management
What is Reducing?
The inventory report can be managed, tracked and _______ with the use of numbers
What is categorized?
This report shows the cost of transporting and holding inventory
What is a Valuation Report?
_____ helps a business to monitor the movement of goods within the organization
What is Inventory Tracking/Inventory Change?
Recording the _____ of units presently in stock is important when creating a column for remaining stock
What is quantity?
_____ determines the ideal quantity of units a company should purchase to meet demands.
What is Economic Order Quantity (EOC)?
_____ quality inventory reports utilize graphics to clearly illustrate the quantity and detailed information of each item in stock
What is High Quality?
This report indicates the level of re-ordered goods in a unit
Inventory _____ helps to group inventory items into distinct groups based on various criteria such as value, demand and other factors
What is Inventory Categorization?
SKU is an abbreviated term for this
What is Stock Keeping Unit?
_____ is where the salesperson sells products without holding any physical inventory.
What is Dropshipping?