An Inventory Management System isn't only about keeping records of your stocks movement in and out of a retailer or warehouse in an Excel spreadsheet. A easy inventory management method should be able to determine how much goods are left within the shop, which items require re-order and exactly where, when and which goods have moved in and out with the warehouse. As a result, creating accurate reports is important. But to be in a position to complete this, the data ought to 1st be organised systematically.

Applying the information, we could set up a pivot table to summarise the stocks that move in and out in the shop. It is going to allow us to organise the report to ensure that we could determine the stock level by item groups, item name plus the areas they've moved to and from. The records could also be grouped such that we are able to track the stock movements by month. In our report under (refer to row above grand total), we are able to immediately establish that there is a net boost of 19 units of adhesives inside the month of Oct, a net lower of 3 units inside the month of November, yet another four units drop in Dec, which all resulted in 12 units of adhesive left in the shop.

Working with precisely the same report, we could drill down to determine the movements of person goods
in the Adhesive group by month.

Alternatively, we could also present the quantity of stocks remaining within the retailer by altering the setting in the report. In our instance beneath, we're able to know that the retailer is left with four units of "3M Command ADH Massive Hook" in Nov and 1 unit in Dec. If we sort the report in descending order, we could promptly list down the items we've to top rated up swiftly to stop an out-of-stock predicament.

And if this report continues to be not also relevant, we could even show the stock movements (the ins and the outs) for every month after which the stock balance for the month to greater clarify the stock movements for the month.

To make it much easier to capture the information and strengthen around the accuracy in the data records, we also shared on we could setup a dropdown list that is dependent on the choice created by the user working with a further drop list.

The complete method assists to enhance the information entered into the inventory management method after which prepare reports that assistance the retailer manager to create greater excellent choices with regards to stock replenishment and stock movement inside the retailer.