How to measure stock on hand, over stock, under stock and dead stock quickly and simply
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How to measure stock on hand, over stock, under stock and dead stock quickly and simply

Many businesses are adjusting demand forecasting due to the effects of the pandemic. Some products have increased in demand while others less so. It is important for companies that manage lots of products to evaluate how the impact of the disruptions, as well as the anticipated gradual recovery from its effects, should be applied to its measurement of inventory. By measuring stock on hand, over stock, under stock and dead stock regularly will help you be more in control of your inventory and supply products customers want.

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Topics: Job Role - Inventory/Operations, business intelligence software, Inventory Management

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How to measure stock on hand, over stock, under stock and dead stock quickly and simply

how-to-measure-stock-on-hand-over-stock-under-stock-and-dead-stock-quickly-and-simply (1)

Many businesses are adjusting demand forecasting due to the effects of the pandemic. Some products have increased in demand while others less so. It is important for companies that manage lots of products to evaluate how the impact of the disruptions, as well as the anticipated gradual recovery from its effects, should be applied to its measurement of inventory. By measuring stock on hand, over stock, under stock and dead stock regularly will help you be more in control of your inventory and supply products customers want.

Read more

Topics: Job Role - Inventory/Operations, business intelligence software, Inventory Management

How the finance team uses analytics to automate reporting

To monitor the performance of its business, Whiting Holdings, an Australian steel distributor, consolidated all its financial, sales and inventory data into one platform. By harnessing technology and implementing data analytics, the finance team automates its month end and statutory reporting which helps get to the source of the data faster and make clear decisions.

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Topics: Case Study, Job Role - Finance, Dynamic reporting, data analytics, data visualizations, Inventory Management

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