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Business Intelligence Tool – KPI for Inventory

A profitable business is contingent on optimal resource utilization. Smart investment in inventory is crucial. If you carry too much inventory, you spend the money for stock, but you are not recovering the expense in a timely fashion. If you carry too little inventory, you risk disappointing clients, retailers or important business partners. Inventory management and control is a delicate, multifaceted activity that requires constant attention. Inventory is expensive to buy and store, so the goal of inventory management must be to provide a seamless, timely supply of products to customers,

partners and retailers, speedy order execution, swift collection of fees, and an ideal level of buffer stock.

As the Business Intelligence solution market evolves, inventory management professionals are paying close attention. A flexible, powerful Business Intelligence system is worth its weight in gold! Whether you need to understand current inventory levels, plan for a seasonal buying frenzy, assess back orders, find out the status of a shipment or forecast and predict inventory, a Business Intelligence Tool solution can be a powerful partner in your efforts!

Slice and dice, drill down, drill through, drill up, analytics, graphs, charts, dashboards, automated alerts and a flexible, personalised environment provide features and functionality to improve your planning process, alert you to critical thresholds and metrics, analyse supplier dependability, and even the need for additional or fewer warehouse or inventory facilities, trucks, drivers or other resources. KPI for Inventory enables an inventory professional to monitor and report on minimum order quantity, economical order quantity, and minimum and maximum stock levels. Using automated alerts, the user can set thresholds and metrics and receive email notification and reports by product, SKU and other categories, thereby ensuring the control, management and immediate attention required to maintain appropriate control.

As an inventory manager, you can share reports and analysis with other managers and end-users and establish metrics and goals so that every user sees and uses the information in a way that is meaningful to them and in a way that will ensure they too are aware of critical issues like stock shortages, back orders, returns, and other business factors.

True business intelligence can integrate information from numerous enterprise systems and sources and provide a single source of dependable information to order and manage inventory and adapt to the changing customer, supplier and market landscape, optimising inventory investment and guaranteeing uninterrupted supply – all with seamless ease and simplicity.

Business Intelligence Tool

Business Intelligence Tool for Inventory Management with KPI for Inventory

  • Control inventory investments while achieving productivity and customer satisfaction
  • Understand the performance history of inventory management
  • Forecast annual, seasonal and other inventory factors and ensure optimum inventory levels
  • Analyse and fine tune metrics and KPI for inventory and use automated alerts to monitor issues and critical thresholds
  • Understand the balance between cash flow and customer requirements
  • Make effective decisions by analyzing strategy and goals and making adjustments to accommodate inventory days and turns, stock holds, unit order frequency and average cost of products
  • Monitor performance against targets, e.g., products that represent less than 1% percent of total margin, products that are rarely ordered, or products experiencing increased demand and exceeding projections

ElegantJ BI Integrated Business Intelligence and Enterprise Reporting capabilities ensure comprehensive Corporate Performance Management, and provide operational business intelligence with simple, practical, affordable features and functionality. Our Business Intelligence Tool is relevant to all industries and functions and can be used by the average business user without the assistance of analysts, statistical experts or technical programmers. No matter the size of your organisation or the industry or product or service, ElegantJ BI solutions can satisfy your needs with flexible licensing and implementation options that include on premises implementation and hosted, Software as a Service (SaaS) implementation.

Business Intelligence Tool, ElegantJ BI provides a single source, integrated view of enterprise data from numerous sources and enable every user to build views, dashboards and KPI for Inventory to satisfy the needs of their role, department and function, so every user is engaged in the pursuit of strategic, operational and tactical goals and can provide appropriate support for continued success in finding, managing and monitoring supplies, and suppliers, establishing and adapting inventory levels, understanding fluctuations, planning product and part stock and other inventory management factors.

If you need a rich, intuitive Business Intelligence Tool, coupled with robust CPM features, we encourage you to contact us today to discuss your unique requirements and get started with the ElegantJ BI solution suite. Email us at sales@ElegantJBI.com

Testimonial

"ElegantJ BI is very powerful and intuitive tool, we are happy to offer & implement ElegantJ BI to our clients. Their partnership program is a win-win proposition for us, and they provide excellent presales and technical support. It is great value for us as partners, and great value for our customers for their BI investments."

– ElegantJ BI OEM Partner,
Saudi Arabia

Business Intelligence Case Study

Customer Success Story

Business Intelligence Tool – Case Study

The client is a leading financial securities firm, and a respected corporate member of the National Stock Exchange (NSE) of India. Read full story »