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Inventory Balance

The data model captures inventory management by tracking total cost, quantity on hand, quantity not available, quantity expired, and quantity available. It facilitates stock level monitoring, sales trend identification, reorder alerts for low stock levels, supplier performance evaluation, and inventory turnover analysis for optimizing stock levels and ensuring timely delivery.

Benefits of This Data Model​

  • Improved Stock Level Monitoring: Enables tracking of stock levels across different dimensions for effective inventory management.
  • Enhanced Sales Trend Identification: Allows for analyzing sales data by various dimensions to identify popular items and trends for strategic decision-making.
  • Proactive Reorder Management: Facilitates automatic notifications for low stock levels through reorder alerts, reducing the risk of stockouts.
  • Supplier Performance Evaluation: Enables evaluation of supplier relationships based on delivery times and quality metrics to optimize procurement processes.
  • Optimized Inventory Turnover Analysis: Supports measuring the speed of inventory turnover to optimize stock levels and ensure timely delivery based on historical data.

Key Performance Indicators (KPIs)​

  • Total Cost: The sum of the cost of all items in the inventory balance at a given point in time.
  • Quantity On Hand: The total quantity of items physically present and available for sale in the inventory.
  • Quantity Not Available: The total quantity of items that are not currently available for sale due to various reasons like being reserved for orders or being in transit.
  • Quantity Expired: The total quantity of items in the inventory that have exceeded their expiration date and are no longer usable.
  • Quantity Available: The total quantity of items that are currently available for sale and not expired or reserved for other purposes.

Available Visualizations​

View NameDescription
Inventory BalanceProvides current stock levels for effective inventory management.
Product SalesTracks sales data to identify popular items and trends.
Reorder AlertsNotifies when stock levels are low, preventing stockouts.
Supplier PerformanceEvaluates supplier relationships based on delivery times and quality.
Inventory TurnoverMeasures how quickly inventory is sold, optimizing stock levels.