In order to effectively manage your inventory and make informed business decisions, it is crucial to have a clear understanding of the value of your products. The Inventory Value report in Assisty provides valuable insights into the worth of your inventory, helping you to optimize your stock levels and make smarter purchasing decisions.
Accessing the Report
To access the Inventory Value report in Assisty, first click on the search box in the top left corner of the dashboard. Type in “Inventory Value” and select the “Inventory Value by Product Variant” report. This report will provide a breakdown of the value of your inventory by product variant.
The report is broken down into two sections: Product Variants and Store Locations. The Product Variants section gives you information on the value of each product variant in your inventory. This allows you to identify which products are the most valuable and which may be overstocked. The Store Locations section shows you the value of your inventory at each of your store locations. This allows you to identify which locations may have too much or too little inventory, and make adjustments accordingly.
Filtering the Data
In order to get the most out of the Inventory Value report, it is important to filter the data to focus on the information that is most relevant to your business. You can filter the report by product variant, store location, and other relevant columns. This will allow you to easily identify trends and patterns in your inventory value.
Benefits of Using the Inventory Value Report
By utilizing the Inventory Value report in Assisty, you will be able to:
- Understand the value of your inventory at a glance
- Optimize your stock levels by identifying overstocked or understocked products
- Make smarter purchasing decisions by identifying which products are the most profitable
- Identify trends and patterns in your inventory value by filtering the data
The Inventory Value report in Assisty is a powerful tool that can help you make informed business decisions and optimize your inventory management. By understanding how to access and utilize this report, you can gain valuable insights into the worth of your products and make the most of your inventory.