Days of Inventory Remaining by Product Variant
The Days of Inventory Remaining by Product Variant report provides valuable insights into the remaining days of inventory for each product variant. With this report, you can assess the stock levels and make informed decisions to optimize your inventory management. This guide will walk you through the steps to access and interpret the report, as well as explain the metrics and data it presents.
Step 1: Accessing the Days of Inventory Remaining by Product Variant Report
To access the Days of Inventory Remaining by Product Variant report, follow these steps:
Log in to your Assisty account.
Go to the Report Library section.
Click on "Replenishment" and select "Days of Inventory Remaining by Product Variant."
Step 2: Understanding the Days of Inventory Remaining Metric:
The Days of Inventory Remaining metric represents the estimated number of days your current stock on hand will last based on the average daily units sold. It helps you determine how long your inventory will sustain your sales before replenishment is needed.
Step 3: Interpreting the Report Data:
In the report, you will see a list of product variants along with their corresponding days of inventory remaining. Here's how to interpret the data:
Product Variant: Each row in the report represents a specific product variant.
Days of Inventory Remaining: This column displays the estimated number of days your current stock on hand will last for each product variant.
Stock on Hand: This column shows the quantity of inventory available for each product variant at the time of viewing the report.
Average Daily Units Sold: This column represents the average number of units sold per day for each product variant.
Step 4: Utilizing the Days of Inventory Remaining Data:
By analyzing the days of inventory remaining for each product variant, you can identify which variants are at risk of running out of stock and take proactive measures to replenish them. Additionally, you can prioritize your inventory management efforts based on the products with the lowest days of inventory remaining.
The Days of Inventory Remaining by Product Variant report is a valuable tool for optimizing your stock levels. By understanding the estimated number of days your inventory will last, you can ensure timely replenishment, avoid stockouts, and maintain optimal inventory levels. Regularly reviewing this report and taking appropriate actions will help you streamline your inventory management and enhance your business efficiency.
Updated on: 12/07/2023