This Widget gives you a snapshot of your total inventory value and total retail value of your current stock. This widget is powered by your inventory apps.
Why do I need it?
The identification of negative trends from this widget can indicate the need for adjustment in the inventory control processes. Advisors would be able to determine key patterns in sales and help to implement future order strategies based on these patterns.
How do I get the right information?
Widget is dependent on the inventory information being entered accurately and daily.
How to make the most out of your widget?
By tracking the current cost and value of inventory on hand the widget identifies patterns in sales which can be used to maintain optimum inventory levels and forecast for future orders. By identifying sales patterns, future orders can be adjusted so that there is no excess of inventory increasing carrying costs and obsolete product, or shortage of inventory losing sales and customers.