ABC Classification

All items in the inventory can be periodically or manually categorized based on: revenue, margin, value & carrying cost.

  • A Items are most expensive which requires regular cycle count and monitoring like 30% of total inventory
  • B are medium level
  • C are low level where tracking may not be required

Note: Classification is only for reporting and filtering purpose only

Inventory Reports

There are 2 main reports commonly used

  • Physical Inventory: Using inventory dimension which provides on hand stock bases on as on date provided. Reports->Physical Inventory
  • Inventory Aging: Shows how old the inventory across various days buckets: 30, 60,90 & 120.