Inventory Management Highlights

Live Stock Analysis App

This Fiori app improves how you track and analyze stock by providing detailed insights into values, types, and movements, enabling you to make data-driven decisions swiftly. Manage your inventory in real-time, and gain a comprehensive view of your stock's status and the capital it ties up.

Key features

Stock value insights:

• Breakdown by type: Understand the distribution of your stock to optimize inventory levels.
• Geographic analysis: View stock distribution across countries, regions, and postal codes to better manage supply chain logistics.
• Storage location details: Access stock quantities from various storage locations, improving retrieval and stocking strategies.

Advanced stock management:

• Disverse product monitoring: Track levels of different product types and groups to anticipate demand.
• In-transit visibility: Keep an eye on stock movement to ensure timely replenishment.
• Unvalued stock assessment: Evaluate unvaled stock quantities to enhance financial accuracy.

Ownership and valuation:

• Ownership identification: Determine both accounting and physical owners of stock for improved accountability.
• Expiry tracking and valuation: Monitor and value stock with upcoming expiry dates to minimize losses.

Key Figure Levels

In complex business environments, data can be overwhelming and confusing if not properly segmented. The "Key Figure Level" feature helps users manage this complexity by enabling them to select specific data layers or levels for detailed analysis. Each level corresponds to a particular aspect of the business operations, such as plant operations, stock reservations, purchase orders, and stock levels.

P-level (Plant):

• Purpose: Focuses on metrics and data relevant to individual manufacturing plants or facilities.
• Typical data included: Safety stock levels, reorder points, and production schedules specific to each plant.
• Benefit: Helps plant managers and logistics monitor and adjust production and inventory strategies based on local conditions.

R-level (Reservation):

• Purpose: Deals with the reservation of inventory for specific purposes, ensuring that stock is allocated for future use.
• Typical data included: Details of reserved stock including quantity, destination, and expected time of use.
• Benefit: Assists in inventory control and planning, preventing overstocking and understocking by keeping track of stock reserved for specific orders or projects.

O-level (Purchase Orders):

• Purpose: Focuses on the data related to open purchase orders.
• Typical data included: Information on quantities ordered, values of orders, delivery dates, and status updates.
• Benefit: Enables purchasing managers and financial officers to track outstanding orders, manage supplier relations, and plan financial commitments more effectively.

S-level (Stock): 

• Purpose: Provides a comprehensive view of all stock levels across the organization.
• Typical data included: Current stock quantities, locations, value, and status (e.g., available, committed, in transit).
• Benefit: Essential for overall inventory management, offering a bird’s-eye view of stock availability and helping to optimize stock distribution and warehousing strategies.

Usage in Real-World Scenarios

With these special selection fields, users can filter and analyze data more effectively, focusing on the specific aspects of their operations that are most critical at any given time. This approach not only simplifies data management but also enhances decision-making by providing targeted insights into key areas of interest.

Ready to upgrade?

If you have any questions or would like to see a demo of specific inventory management features or enhancements, fill out the form below.