CERM Smart BI offers a wide array of standard reports to help you understand and analyze your business data. These reports provide clear and comprehensible overviews and graphs, making it easier for you to gain valuable insights into the day-to-day operations of your business. Some smart reports dive a little deeper into your data and show you calculated forecasts based on your business operation.
Analyzing the Stock Days segment of your Material Inventory report
Among these reports, there is a specialized segment known as the "Stock Days" page within the Material Inventory report. The Stock Days page is designed to offer a more in-depth analysis of your inventory, particularly focusing on forecasting how many days of stockage you have left based on your average consumption. This forecasting feature is especially useful for businesses looking to optimize their inventory management and ensure they have the right materials on hand when needed.
Within the Stock Days page, you'll find a table that provides four key measures:
- Material Quantity: This figure represents the current quantity of a material or substrate in your stock. It serves as a starting point for understanding your inventory levels.
- Material Quantity OUT 90 DTD (Days to Date): This metric reveals the quantity of a specific material consumed in the last 90 days, offering insights into historical usage trends.
- Material Quantity Out Daily Avg 90DTD: This measure calculates the average daily consumption of the material based on data from the past 90 days. It helps you monitor ongoing demand.
- Material Stock Days 90 DTD: The most crucial measure, as it forecasts the number of days your current stock of a material will last. It provides a practical and visual indication using blocks to help you plan effectively.
A valuable tool for Warehouse Management
The Stock Days page is your answer to questions like: "What should we order next?" and "What items require immediate attention?" It also provides support and crucial insight when making structural decisions, such as adjusting the quantities of specific consumables or ramping up production to avoid expiry dates.
With this powerful tool at your disposal, you can streamline your inventory management processes and ensure you have the right materials on hand when you need them. CERM Smart BI is here to help you navigate the complexities of inventory management with ease and precision.
More information on CERM Smart BI or how to use the Stock Days segment to your advantage?
Don’t hesitate to reach out to your CERM MIS Implementation Specialist or the CERM Smart BI-team.
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