Inventory report privacy is important tool to help businesses grasp the situation of goods in warehouse, given the decision to import, export goods, adjust business strategies accordingly. However, the reality shows, 68% of businesses experiencing difficulties in the establishment/management reports metrics inventory. This article Accnet will help the business understand this report!
1. Inventory report what is?
1.1. Concept
Inventory report is a summary of detailed quantity and value of goods remaining in inventory of the business at a specific point in time. This report recorded in full:
- The number of the first viable states
- The number of imported goods in the states
- The number of inventory end of period
1.2. The main function of the reports metrics inventory
Data report inventory plays a key role in warehouse management, with important functions such as:
- To help businesses capture the exact number of goods remaining, limit excess/deficiency.
- Based on data reported to plan import/produce the correct actual needs.
- Provide accurate data to financial reporting and accounting costs.
- Minimize the cost of storing goods long day, limiting the loss of property.
1.3. Objects need to use the inventory report
Data report inventory that is used by many parts of the business, including:
- Accounting department
- Parts inventory management
- Leadership business
2. The type of inventory report popular in the business
2.1. Data report inventory details
Data report inventory details is general report full information about each item, shipment in stock.
- Business suits have lists of goods, diverse management requirements in detail.
- Help rapid detection of deviations in the import - export warehouse.
2.2. Inventory report synthesis
Report the aggregate amount of inventory for each category of goods, do not go deep into details of each code.
- Match the business needs quick report for leaders.
- Help quick assessment of the situation inventory by main product groups.
2.3. Report export - import - inventory
Report full track transactions, warehousing, export warehouse, the number of inventory end of period.
- To help businesses assess the exact amount of goods rotation.
- Timely detection shortage of goods or inventory for long.
2.4. Report inventory long day
The report noted inventory items long day don't be rotated.
- Detection, cargo handling slow consumption.
- Minimize the costs of storage, avoid loss of property.
3. The steps set inventory report standard for business
Step 1: Determine the input data
The first step in the establishment inventory report is to collect data from related sources:
- The number of the first viable states: Data from the bookkeeping/warehouse management software.
- Data warehousing in the usa: import order import raw materials.
- Data export warehouse in the states: the Stock goods for manufacturing, sales/internal use.
Step 2: Check and compare actual figures
Conduct an inventory of the number of actual goods in stock. Comparison with data books/software inventory management:
- Detect deviations, timely adjustment.
- Determine the cause of such deviations as: loss, recorded mistaken, wrong system.
Step 3: synthesis, classification of data, and reporting inventory
Classification of goods according to the group: Raw materials, finished products, tools, inventory long day. Aggregate data reports, need to be fully present information about:
- The item code, name of goods.
- The number of the first viable states, enter in the states, in the states, survive the end of the period.
- Value inventory under each category of goods.
Then, draw up a report similar to the report template reference of Part 2
4. Technology solutions to help optimize reports metrics inventory
Software LV DX Inventory helps businesses reduce 50% of the time reporting, inventory, increase accuracy up to 98%. Feature highlights:
- Automatic update of data export - import - inventory
- Support report quickly
- Connect with other parts of the business
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Inventory report not only the engine control goods, but is the foundation for enterprises to optimize operations, production, sales, financial management. The application of accounting software repository auto will be the optimal solution for every business. Experience the software immediately LV DX Inventory of Vietnam today!
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