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Products

Last Update 4 bulan yang lalu

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View forecasted product stock

Viewing forecasted product stock provides insights into anticipated inventory levels based on historical data, trends, and predictive algorithms. This enables businesses to make informed decisions regarding procurement, production scheduling, and stock management strategies, ultimately optimizing inventory levels to meet demand while minimizing excess or stockouts.

  • Navigate to Products > Product Detail > Forecasted Tab.
  • The summary section presents key metrics, including on-hand stock, inbound forecasted stock, outbound forecasted stock, and the forecasted stock calculation derived from on-hand, inbound, and outbound forecasts. This calculation helps anticipate future stock levels, facilitating informed decision-making.
  • The forecasted stock summary provides a consolidated view of anticipated stock levels, empowering inventory managers to make data-driven decisions regarding stock allocation, warehouse space utilization, and inventory investment.
Beneath the summary, users can delve into two distinct sections: the inbound forecasted list and the outbound forecasted list. The inbound forecasted list showcases anticipated increases in stock due to various activities such as purchases, customer returns, and other incoming shipments. Conversely, the outbound forecasted list provides insight into projected decreases in stock resulting from sales transactions, aiding in sales forecasting and order fulfillment planning. Learn more about inbound list and outbound list.
  • One notable feature within this interface is the presence of an Unreserved button, which allows users to release reserved stock. This functionality adds flexibility to inventory management processes, ensuring that reserved items can be made available for other orders or activities as necessary.
  • By analyzing both inbound and outbound forecasted lists, businesses can proactively plan for stock replenishment, anticipate changes in inventory levels, and mitigate potential stock shortages or surpluses. This proactive approach enhances overall supply chain efficiency and customer satisfaction by ensuring timely order fulfillment and optimized inventory levels.
  • Furthermore, the integration of forecasted product stock data with inventory management systems offers real-time visibility into stock levels, facilitating seamless decision-making regarding inventory control and order fulfillment. This integration streamlines operations, reduces holding costs associated with excess inventory, and ultimately drives cost savings and improved profitability.
  • Overall, the feature of viewing forecasted product stock empowers businesses to make informed, strategic decisions regarding inventory management, sales projections, and procurement strategies, ultimately contributing to enhanced operational efficiency and sustainable growth.

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