The Inventory Mission Control is a powerful feature designed to give you full visibility and control over your inventory. With its intuitive interface and actionable data, it empowers you to make informed, data-driven decisions.
Why Inventory Mission Control is Essential
Enhanced Visibility: Gain complete insight into your inventory, allowing you to monitor key metrics and assess inventory performance with ease.
Data-Driven Decisions: Utilize historical data and trend analysis to make smarter inventory management choices.
Efficiency: Streamline the management and review of inventory updates, saving time and minimizing errors with an intuitive interface.
Key Features
Alerts: Stay informed with real-time alerts for ready-to-order purchase orders and items needing updates, such as min/max replenishment or order point/order quantity.
Inventory Status: Track inventory status and breakdowns, gaining seamless visibility into changes in usage or customer behavior.
Inventory History: Access historical data for inventory and backorders, enabling trend analysis and informed decision-making.
Detailed Breakdown of Features
Alerts
Alerts in Recurrency guide you to actions needed across your entire company:
Order Point/Order Quantity Updates: Click "Review" to go to the Planning tab, filtered by items marked as “Needs Review.” This ensures you focus on high-priority needs, where you can review and adjust replenishment values.
Min/Max Replenishment Updates: Click "Review" to access the Planning tab, filtered by items marked as “Needs Review.” Review and adjust min/max values as needed.
Purchase Orders Ready to Purchase: Click "Review" to go to the Purchase Targets tab in the Purchasing module, filtered by “Ready” status. Finalize POs ready for purchase.
Inventory Status
The Inventory Status section gives you real-time insights into your current inventory, with underlying data updated every 3-5 minutes. This section incorporates two charts:
Status: Breakdown of total net stock, including normal stock, overstock (items exceeding max levels), and deadstock (unsold or unpurchased inventory for the last 12 months).
Inventory Breakdown: Breakdown of inventory by stage, including on-hand, allocated, backordered, and more.
Click "Explore" on either chart to access the Inventory Status Explorer, which offers:
Customizable Views: Choose the data columns to display, such as primary supplier, stock status, on-hand quantities, and more. View data in dollars or units.
Filters: Narrow down your view by status (normal, overstock, deadstock), specific locations, primary suppliers, product groups, ABC classes, or stockable items.
Downloadable Data: Download the filtered data with selected columns for further analysis.
The Inventory Status Explorer shows both high-level metrics that update as you apply filters, and item-location pairs based on your criteria for granular analysis.
Inventory History
Inventory History provides a chronological view of your inventory data, categorized by month and excluding the ongoing month. Access up to 18 months of historical data and explore it in various ways to gain deeper insights.
Clicking "Explore" on any chart allows you to dive into detailed information and switch your focus seamlessly. For instance, from the "Backorder History" chart, you can easily switch to views like "Inventory Turns" or "GMROI." The Inventory History Explorer offers:
Versatile Data Views: Easily switch between views such as Inventory History, GMROI, Turns, and Sales History. Group data by location, demand pattern, predictability, and more. Choose to view data in dollars or units.
Customizable Filters: Narrow your view by demand pattern, demand predictability, primary supplier, location, and other criteria.
Downloadable Data: Download the filtered data with selected columns for further analysis.
The chart below displays data according to your selected criteria. For example, "Inventory History" grouped by location shows inventory value by location, with trend lines organized to highlight inventory increases or decreases at each location.
For deeper analysis, scroll down to review data based on your chosen parameters, and gives you additional analysis options. You can compare data over different time frames (e.g., last 3 months vs. previous 3 months, or last 6 months vs. previous 6 months), and choose to display deltas as percentages or dollar amounts.
Note that columns shown will change depending on the view selected. For instance, Inventory History displays inventory, sales, and turns, while Fill Rate shows fill rate, backorders, and inventory. This ensures you have the right information for any analysis. You can also sort by any column, including deltas, to focus on specific insights.
By leveraging these features, Inventory History enables you to make data-driven decisions, optimize inventory management, and gain comprehensive visibility into your inventory trends.
To learn more about the specific charts in Inventory History Explorer and their data sources, visit this article.