This is an Inventory Analysis template which is an excellent and powerful analytical tool that is very useful for distributors, retailers and other companies willing to evaluate the management of their inventory. It is used to attribute all costs involved with the products or product groups and to identify the underperformers, among many other uses. A vast amount of other analytical information is available within this template. This is an absolutely essential tool for those who are willing to understand the most profitable products of the company in terms of profit and inventory management.
The functionality of the Inventory Analysis Template:
- define products or product groups to be analyzed according to your business specifications;
- generalize the results for each product or product group within a year;
- create ratings of products or product groups according to different parameters (turnover, gross or net profit, ratios, etc.);
- determine efficiency of products or product groups, depending on the peculiarity of the company, by month (e.g. mark-ups, the average inventory turnover, etc.).