{"id":1545,"date":"2022-03-23T21:42:26","date_gmt":"2022-03-23T21:42:26","guid":{"rendered":"https:\/\/iteck.smartinnovates.com\/demo2\/?p=376"},"modified":"2024-09-05T08:53:05","modified_gmt":"2024-09-05T08:53:05","slug":"critical-inventory-reports-to-run-your-retail-and-trading-businesses","status":"publish","type":"post","link":"https:\/\/breezefsm.in\/blog\/critical-inventory-reports-to-run-your-retail-and-trading-businesses\/","title":{"rendered":"Critical Inventory Reports to Run Your Electronics Distribution Businesses"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1545\" class=\"elementor elementor-1545\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e6936fe elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e6936fe\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b8fcfb5\" data-id=\"b8fcfb5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-960bfbf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"960bfbf\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e7c2c79\" data-id=\"e7c2c79\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2cc87f7\" data-id=\"2cc87f7\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-81cebbb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"81cebbb\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5abe7cc\" data-id=\"5abe7cc\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-798934a elementor-widget elementor-widget-heading\" data-id=\"798934a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">Unlocking the Power of Data<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-edf39ab elementor-widget elementor-widget-text-editor\" data-id=\"edf39ab\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>The importance of report writing is often overlooked as a critical step in an enterprise software implementation. Streamlining information is the primary goal of the ERP implementation, and both strategy and capable resources are required to achieve this goal.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e622474 elementor-widget elementor-widget-text-editor\" data-id=\"e622474\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>We all know that having a database of information can be an important aspect of managing our businesses. In fact it\u2019s hard to imagine a business today that doesn\u2019t use some form of data management system or process. <a href=\"https:\/\/breezefsm.in\/\">BreezeFSM<\/a> has a report directory of more than 1000 reports to choose from and configure for regular updates on your business.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf14506 elementor-widget elementor-widget-text-editor\" data-id=\"cf14506\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Having an FSM system is critical for business success in most industries. As powerful as having such a system may be \u2013 even more critical is being able to meaningfully use the data your system generates to provide insights that would help you in critical decision making.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0cb194c elementor-widget elementor-widget-text-editor\" data-id=\"0cb194c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In the retail and trading industry, to successfully grow your business, it is essential to manage your inventory stock as accurately and optimally as possible. One way to do this is by using and understanding the right inventory management reports.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d26709d elementor-widget elementor-widget-text-editor\" data-id=\"d26709d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>We take the data in your data management systems and present it to you in ways that make it useful. <a href=\"https:\/\/breezefsm.in\/\">BreezeFSM<\/a> reports allows you to continue using existing systems in a world of changing requirements.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-359ac25 elementor-widget elementor-widget-text-editor\" data-id=\"359ac25\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tTo <a href=\"https:\/\/smallbusiness.chron.com\/examples-inventory-control-performance-metrics-15573.html\">measure inventory performance<\/a>, you will need to compare previously collected data. Analyse different metrics such as:<br \/><br \/>\n<ul>\n \t<li>Item fill rate \u2013 Percentage of products from a customer\u2019s order your business has shipped. The higher the item fill rate, the better the inventory performance.<\/li>\n \t<li>Inventory accuracy \u2013 regular inventory count cycles ensures all stock is accounted for.<\/li>\n \t<li>Inventory turnover \u2013 the number of times inventory stock is replaced in a given period. The higher the rate, the better. It indicates that the inventory stock sits on the shelf for less time.<\/li>\n<\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a350b1f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a350b1f\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-4061a09\" data-id=\"4061a09\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2092178 elementor-widget elementor-widget-text-editor\" data-id=\"2092178\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>With <a href=\"https:\/\/breezefsm.in\/\">BreezeFSM<\/a>, we will be able to help you run your business far better, providing useful insight that leads to lasting positive change \u2013 at a fraction of the cost it would take to modify your application itself.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-89f259d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"89f259d\" data-element_type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-59df89e\" data-id=\"59df89e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e0cd886 elementor-blockquote--button-view-icon elementor-blockquote--button-skin-link elementor-blockquote--button-color-official elementor-widget elementor-widget-iteck-blockquote\" data-id=\"e0cd886\" data-element_type=\"widget\" data-widget_type=\"iteck-blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<blockquote class=\"iteck-blockquote\">\r\n\t\t\t\t\t\t\t<div class=\"twitter-header\">\r\n\t\t\t\t\t<div class=\"twitter-user\">\r\n\t\t\t\t\t\t<div class=\"tweet-user-img\">\r\n\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/iteck.smartinnovates.com\/demo1\/wp-content\/uploads\/sites\/2\/2022\/04\/user1.jpeg\" alt=\"img\">\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"tweet-user-info\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Russel B.<\/cite>\r\n\t\t\t\t\t\t\t\t<small class=\"color-999\">\r\n\t\t\t\t\t\t\t\t\t @russelb\t\t\t\t\t\t\t\t\t 15 Jul, 2022\t\t\t\t\t\t\t\t\t<\/small>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"twitter-button\">\r\n\t\t\t\t\t\t\t<a href=\"https:\/\/twitter.com\/intent\/tweet?text=%E2%80%9CIf+your+sales+team+is+looking+for+strong+tailwinds%2C+all+you+need+is+a+team+like+%3Ca+href%3D%22https%3A%2F%2Fbreezefsm.in%2F%22%3E+%40BreezeFSM+%3C%2Fa%3E+who+is+incredibly+dedicated%2C+knowledgeable%2C+and+helpful.+The+finished+product+was+beautiful+and+worth+every+penny.%E2%80%9D+%E2%80%94+Russel+B.&amp;url=%40russelb&amp;via=russelb\" class=\"elementor-blockquote__tweet-button\" target=\"_blank\">\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fab fa-twitter\"><\/i>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-screen-only\">Tweet<\/span>\r\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/a>\r\n\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t\t\t\t<\/div>\r\n\t\t\t\t\t\t<div class=\"twitter-content\">\r\n\t\t\t\t<p class=\"elementor-blockquote__content\">\r\n\t\t\t\t\t\u201cIf your sales team is looking for strong tailwinds, all you need is a team like <a href=\"https:\/\/breezefsm.in\/\"> @BreezeFSM <\/a> who is incredibly dedicated, knowledgeable, and helpful. The finished product was beautiful and worth every penny.\u201d\t\t\t\t<\/p>\r\n\t\t\t<\/div>\r\n\t\t<\/blockquote>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cf5a260 elementor-widget elementor-widget-text-editor\" data-id=\"cf5a260\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Inventory On Hand:<\/strong> View in real time, the supply of goods or materials that a company has available for sale or use at a particular time<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a541607 elementor-widget elementor-widget-text-editor\" data-id=\"a541607\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Stock Valuation, Trial &amp; Aging reports:<\/strong> Valuation of stock in trade is very important and any businessman like you should have a clear understanding of stock market valuation that will help in taking the right decisions about investing.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1690035 elementor-widget elementor-widget-image\" data-id=\"1690035\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.16.0 - 20-09-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"770\" height=\"480\" src=\"https:\/\/breezefsm.in\/blog\/wp-content\/uploads\/2022\/03\/stock-valuation-trial-and-aging-reports.png\" class=\"attachment-large size-large wp-image-2636\" alt=\"Stock Valuation, Trial &amp; Aging Reports\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8deb795 elementor-widget elementor-widget-text-editor\" data-id=\"8deb795\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>ABC Analysis:<\/strong> ABC analysis is an inventory categorization technique. ABC analysis divides an inventory into three categories \u2014 &#8220;A items&#8221; with very tight control and accurate records, &#8220;B items&#8221; with less tightly controlled and good records, and &#8220;C items&#8221; with the simplest controls possible and minimal records. With Breeze get ABC analysis in a click<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c15c168 elementor-widget elementor-widget-image\" data-id=\"c15c168\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"770\" height=\"480\" src=\"https:\/\/breezefsm.in\/blog\/wp-content\/uploads\/2022\/03\/inventory-performance-analysis.png\" class=\"attachment-large size-large wp-image-2637\" alt=\"Inventory Performance Analysis\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e839518 elementor-widget elementor-widget-text-editor\" data-id=\"e839518\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Inventory performance analysis:<\/strong> Extracting, analyzing, monitoring and reacting to relevant inventory ratios can help the business improve its performance, cash flow and profitability. With breeze get a real time dashboard of your inventory performance.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3327da3 elementor-widget elementor-widget-text-editor\" data-id=\"3327da3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tTo book a demo <a href=\"https:\/\/breezefsm.in\/contact\">contact us.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Unlocking the Power of Data The importance of report writing is often overlooked as a critical step in an enterprise software implementation. Streamlining information is the primary goal of the ERP implementation, and both strategy and capable resources are required to achieve this goal. We all know that having a database of information can be an important aspect of managing &hellip;<\/p>\n","protected":false},"author":1,"featured_media":2633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[76],"tags":[69,57,58,62],"class_list":["post-1545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breezeinventory","tag-breeze","tag-cloud-accounting","tag-cloud-fsm","tag-inventory"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/posts\/1545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/comments?post=1545"}],"version-history":[{"count":0,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/posts\/1545\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/media\/2633"}],"wp:attachment":[{"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/media?parent=1545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/categories?post=1545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/breezefsm.in\/blog\/wp-json\/wp\/v2\/tags?post=1545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}