Inventory Analysis
The Inventory Analysis form can be used to analyze your inventory by a Department, a Section, a Vendor, the Total Store, UPC codes, or Item codes.
To use Inventory Analysis, the inventory first must be counted using the Inventory Count task. To Calculate Shrink, both a beginning count and an ending count must be entered.
- From the Inventory Icon select the Inventory Analysis task.
- Select a start date and end date for the time period you wish to analyze.
- Select a category. More than one category may be selected at a time, for example, you can select both a Section name and a Vendor name.
- UPC Code or a range of UPCs
- Item Code or a range of Items Codes
- Department
- Section
- Vendor
- Other: DSD or Total Store
- Click on the Calculate Inventory ButtonCalculate_Inventory_Button from the toolbar.
- The following Quantity fields display:
- Initial Quantity: The start quantity of an item is displayed. This number is obtained from the Inventory Count dialogue.
- Received Quantity: Purchases received since the count is displayed. This number is obtained from the Receive an Invoice dialogue.
- Sold Quantity: Quantity of this item sold through the checkstands. This number is obtained from the Product Movement reporting.
- Inventory Adjustments: The Inventory Adjustments displays any adjustments created from the Product Maintenance/Inventory task for the selected inventory count.
- Ending Quantity: The result of Inventory Count, plus Quantity Received, minus Quantity Sold, is displayed.
- The following Profitability fields display:
- Price: The total selling price of each item in the ending inventory is displayed.
- Cost: The total cost of each item in the ending inventory is displayed.
- Profit: The Ending Inventory price minus the Ending Inventory cost is displayed.
- GM%: Gross Margin Percent on the Ending Inventory.
- To calculate shrink press the Calculate Shrink Button in the toolbar. You must select an ending date from the drop down list.
- The following Shrink fields display:
- Price: Shrink refers to loss items. Displays the Price of the loss items.
- Cost: Displays the Cost of the loss items.
- Loss: The number of lost items in Ending Inventory.
- Actual Shrink: Actual Gross Margin now including shrink
- Press the Clear button if you wish to analyze inventory within a different category.
- Click on Exit Current Window when you are done analyzing inventory.
The inventory analysis function reads and aggregates data from a number of areas. The process to calculate inventory includes the following steps:
- Get initial inventory count based on the Inventory Count entered for the start date selected
- Get the quantity sold based on Product movement during the time period specified
- Get the quantity received from invoices for the time period specified
- Calculate the ending inventory = ((Initial Inventory + Received) - Sold)
The process to calculate shrink uses the same process as calculating inventory with the following changes:
- Get ending inventory from inventory count for the ending date specified
- Calculate the shrink = (Initial Inventory + Received - Sold - Ending Inventory)