$ 203.81
| Required Apps |
•
Sales (sale_management)
• Discuss (mail) • Invoicing (account) • Inventory (stock) |
| Community Apps Dependencies |
setu_abc_analysis_reports
setu_inventory_coverage_report |
| Technical Name |
setu_inventory_coverage_abc_analysis_report
|
| License | OPL-1 |
| Also available in version | 17.0 16.0 |
Introduction
The Inventory Coverage ABC Analysis Report module enhances traditional inventory coverage insights by integrating the proven ABC classification method. It categorizes products into A, B, or C tiers according to coverage and movement data—supporting smarter inventory priorities, stock optimization, and efficient resource allocation.
Key Features
Combine inventory coverage metrics with ABC classification to highlight high-impact items.
Classify products into A (high priority), B (moderate), and C (low) based on coverage and transaction data.
Analyze opening and closing stock alongside sales and purchase counts for dynamic decision-making.
Filter analysis by product, category, warehouse, and time range for targeted insights.
Export reports into user-friendly formats suitable for sharing and further analysis.
Benefits
Prioritize management efforts on A-class items that significantly impact inventory health.
Reduce overstock and stockouts by aligning coverage strategies with product criticality.
Optimize inventory investment by focusing on fast-moving or high-value SKUs.
Improve procurement planning using combined coverage and classification insights.
Streamline reporting and collaboration with clean, exportable analytics.
Compatibility & Technical Details
Required Modules: Inventory (stock), Sales, Purchase, Invoicing, Discuss.
Technical Name: setu_inventory_coverage_abc_analysis_report
License: Odoo Proprietary License v1.0 (OPL-1)
Installation Steps:
Ensure foundational modules (Inventory, Sales, Purchase, Invoicing, Discuss) are installed.
Install the Inventory Coverage ABC Analysis Report add-on.
Access the combined coverage + ABC report tool within Inventory’s reporting menu.
Define report parameters such as date range, warehouses, and products.
Generate and export the ABC-enhanced coverage report for review.
Inventory Coverage Insights : ABC Analysis
Addressing Inventory uncertainties is crucial for businesses. Without a robust system, companies often face challenges like stockouts, high holding costs, and missed sales opportunities, resulting in dissatisfied customers and financial burdens from excess inventory.
Introducing the Inventory Coverage insight of ABC Analysis Application
The Inventory Coverage Insights : ABC Analysis Application – A powerful tool provides strategic insights into the coverage days of
high-priority (Class A), moderate-priority (Class B), and low-priority (Class C)
items. Make critical business decisions by understanding potential stockouts and their timelines, tailored to the value classes of your inventory.
By utilizing historical sales data, it calculates average daily sales and analyzes on-hand quantities to offer a clear roadmap, enabling businesses to precisely determine how many days their current stock can cover?
When this data is further combined with ABC classification, it empowers businesses to:
It's not merely a tool; it enhances your decision-making strategies, mastering the art of inventory management.
Key Features
Dynamic Report Generation
Create reports for your entire company or specific warehouses according to your requirements.
Vendor Selection Strategy
Option to choose the Quickest or Cheapest vendor to align your delivery needs.
Coverage Ratio Calculation
Evaluate stock level effectiveness against vendor lead times.
Multiple Options for Calculating Coverage Days
Versatile stock coverage assessment with flexible calculation options for coverage days - Static Coverage Days or Vendor Lead Days.
Coverage Days
Determine the number of days your the current inventory stock can sustain sales demand.
Stock Out Days
Assess potential stockout days for each inventory in comparison to your planned days.
Real-time Stock Visibility
Gain real-time visibility into stock levels information.
Accurate Financial Analysis
Ensure accurate financial insights from the vendor currency specification.
Re-Order Timeline Management
Effectively schedule re-order timelines using lead days information.
ABC Inventory Classification with Coverage Days
Identify the coverage days of your high-value (Class A), moderate-value (Class B), and lower-value (Class C) inventory.
Dual Insight for Informed Decisions
Gain a comprehensive understanding of both stockout days and the importance (Class A, B, C) of each inventory item.
Priority-Aligned Inventory Management
Ensure optimal stock levels for high-importance items (Class A) and minimize the excess for lower-priority items (Class C) through dual insights into stockout days and inventory importance.
Inventory Coverage Days Report enable users to:
Easily recognize which inventories require immediate action to restock and prevent revenue loss.
Identify inventories where capital is unnecessarily tied up due to potential overstocking and low sales.
Identify cost-effective ways to manage stock levels, reducing unnecessary expenses.
Identify the most suitable vendor based on Vendor Selection strategy.
Optimize inventory strategy, focusing on high-priority inventory, by avoiding Out-of-stock situations.
Make an informed decision of - when to
reorder
high priority items to prevent stockouts?
Optimize budget by minimizing holding expenses for lower-priority items (Class C)
Ensure efficient management of inventory across A, B, and C class categories.
Optimize procurement decisions by gaining insights into vendor prices and lead times.
Analyze purchase costs and make smart financial decisions, through currency specification for businesses with multiple currencies.
Quickly assess financial well-being through effortless calculation of coverage ratio.
Screenshots
Suggested Solutions
FREE SUPPORT
We will provide free support for any issues, queries, and bug fixing upto 90 days from the date of purchase of this application. Request free support
NOTE
Get notified about latest update. Please drop an email when you make purchase at Setu Consulting
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