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Inventory Analysis BI

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Inventory Analysis BI

Inventory Analysis in Business Intelligence (BI) refers to the process of using BI tools and techniques to analyze inventory data, helping businesses make informed decisions about inventory management. It involves collecting, organizing, and visualizing data related to stock levels, sales, order trends, and supply chain performance. By leveraging BI, organizations can gain insights into key metrics such as:

  • Stock Turnover: The rate at which inventory is sold and replaced over a given period.
  • Demand Forecasting: Predicting future inventory needs based on historical sales data.
  • Lead Time Analysis: Understanding how long it takes for products to arrive from suppliers.
  • Overstocking/Stockouts: Identifying inventory levels that are too high or too low, which can help prevent lost sales or excess carrying costs.
  • Slow-moving/Dead Inventory: Identifying products that are not selling well, helping businesses decide whether to discount, bundle, or remove them.

Inventory Analysis BI Designed to Answer Bellow Questions

  • What is the total balance of inventory across aging groups?
  • How much excess or obsolete inventory do you have?
  • What is my inventory turnover days trends for the last 3 years?
  • What is the relationship between cost and quantity of purchases and sales?
  • Which slow moving items need our attention?
  • What is my top 10 selling products?
  • What is my gross profit by product category, item, or time period?
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