Introduction
Introduction
One of the key features of Empress is the Stock Level Report. This tool is designed to offer businesses a comprehensive and detailed view of their inventory levels. It’s an essential component in managing your stock effectively, helping maintain the right balance to meet demand without overstocking or understocking.
The Stock Level Report lets you view, edit, sort, and track information about your stock quantities in a specific warehouse. Having this information at your fingertips allows for more informed decision-making, improved planning, and better operational efficiency.
Features and Benefits of the Stock Level Report
To access the Stock Level Report, navigate to:
Stock > Main Report > Stock Projected Quantity
The report provides a detailed summary of each stock item, including:
- Actual Qty: The current quantity of an item in the warehouse.
- Planned Qty: The quantity set aside for a pending Work Order.
- Requested Qty: The quantity requested for purchase but not yet ordered.
- Ordered Qty: The quantity ordered for purchase but not yet received.
- Reserved Qty: The quantity ordered for sale but not yet delivered.
- Projected Qty: The future stock quantity, based on current and planned quantities.
The Projected Qty is particularly important, as it helps you anticipate future inventory needs. It’s calculated using the following formula:
Projected Qty = Actual Qty + Planned Qty + Requested Qty + Ordered Qty - Reserved Qty
By monitoring the Projected Qty, businesses can maintain optimal inventory levels, ensuring they have enough stock to meet demand without tying up too much capital in unused inventory.
Key User Roles and Permissions
In Empress, users with the appropriate permissions can view and edit the Stock Level Report. This typically includes business owners, inventory managers, and other key decision-makers who need to track stock levels and plan for future inventory needs.
Conclusion
In summary, the Stock Level Report in Empress is a powerful tool for efficient inventory management. It offers comprehensive insights into current and projected stock levels, helping businesses make informed decisions, plan effectively, and maintain optimal inventory levels.
For further assistance or to learn more about other features in Empress, please refer to our user-friendly resources or contact our support team.