Track and analyze inventory performance across departments, focusing on turn rates, stock levels, and carrying costs to optimize inventory management efficiency and reduce costs while maintaining service levels.
Report Objective
Monitor monthly inventory turnover metrics across departments to identify opportunities for improving stock efficiency, reducing carrying costs, and maintaining optimal service levels. Track key performance indicators including inventory turns, days of inventory, stock-out rates, and carrying costs to support data-driven inventory management decisions.
Inventory Turn Performance
Line chart showing monthly inventory turns by department
Questions to Consider:
How do inventory turns vary across departments and seasons?
Which departments are meeting or exceeding turn rate targets?
What factors are driving changes in turn rates?
Which departments consistently achieve the highest turn rates?
Are there seasonal patterns in inventory turnover?
How do turn rates compare to industry benchmarks?
Which departments maintain the lowest days of inventory?
Are inventory levels appropriate for each department's characteristics?
What is the impact on working capital?
Stock Levels and Service Performance
Bar chart displaying days of inventory and stock-out rates
Questions to Consider:
Are current stock levels aligned with demand patterns?
How effective is our safety stock strategy?
Which departments need inventory level adjustments?
Which departments experience the highest stock-out rates?
Are there patterns in stock-out occurrences?
How do stock-outs correlate with turn rates?
How does inventory value change throughout the year?
What is driving changes in total inventory value?
Are we maintaining appropriate inventory levels?
Inventory Value and Carrying Costs
Line chart tracking total inventory value and carrying cost rate
Questions to Consider:
How are carrying costs trending relative to inventory value?
What opportunities exist to reduce inventory holding costs?
Are seasonal patterns affecting inventory investment?
What factors are influencing carrying cost rates?
How do carrying costs compare to industry standards?
Where are the opportunities to reduce carrying costs?