Let's take a quick look at the Inventory Transactions report from Stockpile, our free online inventory system. Inventory management for all! The goal of this report is to show you the transactions (adds and removes) that occurred for your company within a set period of time. You may sort by location, area and time period. If you want to see everything, don't forget to include all locations and all areas.
Visibility into your inventory can help you manage your inventory more efficiently. Do you know what's hot lately? Sure, you have a good idea of what's moving but do you know:
- What are all of your high volume items?
- Which high volume items are generating the most profit?
- Any particular item getting returned often?
- Are you losing stock due to damage? (Hopefully not!)
Try Stockpile's Inventory Transactions report. At glance you can see how your inventory is performing over time. Pick a Location, Area and timeframe (or see everything at once).
For a month, a quarter, 6 months or a year see what's in stock now, how many units you have sold and your total sales profits. In addition, you can see the cost of any usable returns, unusable returns, and damaged stock.
These figures are all generated based on Average Cost. This number is calculated each time you acquire inventory. With a perpetual inventory system like Stockpile you will always have up-to-date insight how each item is working for you.
