Overview
The inventory analysis report will give you an item breakdown of the quantity on hand, the accounting cost and the last cost. It will then calculate the average cost of your inventory on hand. If you check the "show yearly total" box you will also get the quantity sold and value of the quantity sold for a year to date and last 12 months period. We will also calculate the number of inventory turns you had over the last twelve months.
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Detail
This report is an integral part of an overall inventory management plan, if you do not have a means of measure something than you cannot manage it. Being able to see information like how much inventory you are carrying, where it is and how quickly it moves is the first step in being able to stream line your inventory offerings and minimize your inventory cost without affecting you customer base.
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