Top Features and Benefits of Ecommerce Inventory Management Software

Stock Performance Reports: Inventory performance reports evaluate an eCommerce business’s inventory management effectiveness. They track key metrics like inventory turnover, order fulfillment rates, and stockout frequency. These reports help businesses assess their inventory strategies and identify improvement opportunities.

Inventory Cost Analysis Reports: Inventory cost analysis reports examine inventory-related expenses, including holding, ordering, and stockout costs. These reports are essential for understanding total inventory costs and making informed financial decisions. The insights help businesses optimize their inventory expenses and improve profitability.

Item Serial and Batch Reports: Item serial and batch reports track inventory using serial numbers and batch codes, essential for monitoring electronics, drugs, and high-value items. Key data includes serial numbers, batch codes, manufacturing dates, expiry dates, and location, helping with recalls, compliance, and warranty tracking.

Inventory Valuation Reports: These reports determine stock worth using FIFO, LIFO, or weighted average methods. They track COGS, ending inventory value, and turnover rates. It helps businesses assess financial health and make purchasing decisions.

Loss Quantity Reports: These reports monitor inventory losses from theft, damage, or discrepancies. They measure loss amounts, missing inventory value, and loss reasons to improve security, training, and control processes.

Demand Forecasting Reports: These reports use sales history, market trends, and seasonal patterns to predict future inventory needs. They track predicted demand, sales data, lead times, and seasonality to optimize purchasing and prevent stockouts.

Stock Aging Reports: These reports analyze inventory age to identify slow-moving stock. They measure inventory age, sales velocity, and aged stock value to guide discount decisions and inventory write-offs.

ABC Analysis Reports: These reports classify inventory into three groups: Class A (high value, low quantity), Class B (medium value and quantity), and Class C (low value, high quantity). They measure item value, quantity, and sales contribution to help focus management efforts.

Supplier-wise Product Reports: Supplier-wise product reports detail inventory items from suppliers, helping assess performance and manage relationships. Key metrics include supplier details, products, lead times, and purchase history, enabling better negotiations and procurement.

Product-wise Sales Reports: These reports analyze product sales performance over time, guiding inventory decisions. They track product details, sales volumes, revenue, and margins to identify top sellers and plan stock levels.

Combined Inventory Reports: These reports overview inventory across locations, enabling consistent stock management. They track total value, location-wise levels, and turnover rates to guide distribution and restocking decisions.