ABC Sales Analysis Reports
Community Enterprise Odoo.sh
In any industry it is mandatory to evaluate product performance so they can focus their time and energy on right products which represent the biggest revenue source for the company. But it’s not that much of an easy function to execute.
The ABC analysis is an inventory categorization method that assigns a class to every item - or SKU, or product - typically referred to as A, B and C, where A (resp. C) is the class associated with the most (resp. least) frequently sold or consumed items.
Our solution helps you to categorize your sales into ABC classification, ABC-XYZ Combines classification, XYZ classifications and ABC classification for sales order frequency for each product sold out in the company.
Key Features
ABC Sales Analysis Report
ABC analysis of inventory allows you to know which products deserve most of your resources and attention to help you boost your sales and net margins.
XYZ Analysis Report
Helps classify inventory items according to the stock value and helps to minimize the inventory carrying cost.
ABC - XYZ Combined Analysis Report
The ABC XYZ classification thus provides a framework for developing and refining inventory management strategies by classifying products according to their sales volume (ABC) but also according to their uncertainties (XYZ).
ABC Sales Frequency Analysis Report
ABC Sales Frequency Analysis helps classify products according to the frequency of orders rather than ordered quantity which helps to define putaway and removal strategy of the products.
ABC Sales Analysis Reports
ABC Sales Analysis Report
ABC analysis is derived from the term “The Pareto Principle” named after an Italian economist Vilfredo Pareto, also called the 80/20 rule.
ABC analysis of inventory allows you to separate your most important products from your least important ones so that you know which products deserve most of your resources and attention to help you boost your sales and net margins.
ABC analysis of inventory helps you keep working capital costs low because it identifies which items you should reorder more frequently and which items don’t need to be stocked often – reducing obsolete inventory and optimizing the rate of inventory turnover.
The meanings in the list after the application of the method ABC are divided into three groups:
- A – the most important for the total of (20% gives 80% of the results).
- B – average in importance (30% - 15%).
- C - the least important (50% - 5%).
Advantages of FSN Analysis
ABC analysis of inventory helps you effectively forecast demand by splitting your sales into categories that are based on customer demand.
ABC analysis of inventory helps you effectively forecast demand by splitting your sales into categories that are based on customer demand.
Since you know items in category A are your best-sellers, you may be able to raise the prices of those products for increased revenue. Whereas, with products in category B or C, you know you may have to use creative sale techniques like product bundling or social media sales to move these products out of your warehouse.
Inventory optimization is the most crucial reason why ABC inventory analysis is preferred by many businesses. to organize and segregate the products in the inventory as per their revenue and importa
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Inventory XYZ Analysis Report
XYZ Analysis is always done for the current Stock in Inventory and aims at classifying the items into three classes based on their Inventory values.
The current value of the items / variants in the Inventory alone is taken into consideration for the Analysis and it is not possible to do this analysis for any other dates.
- First 70% of the total Inventory value corresponds to X Class
- Next 20% of the total Inventory value corresponds to Y Class
- Last 10% of the total Inventory value corresponds to Z Class.
Advantage of XYZ Analysis
- Helps identify inventories investment status.
- Helps determine if certain inventories require a strategic sales plan.
- Helps evaluate how each inventory item should be monitored and controlled.
- Some inventories are critically important and require close monitoring and tight control.
- Some inventories are of lower criticality requiring standard controls and periodic reviews of usage.
- Some inventories require the least amount of control and are sometimes issued as “free stock” or forward holding.
- Reporting for each Company
- User can filter by companies, categories and products
- Report can be downloaded in well formatted EXCEL file
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ABC-XYZ Combined Analysis Report
The ABC XYZ analysis is fundamental to optimize your inventory. The ABC method is a very good start but this is not enough in managing your inventory.
The ABC XYZ classification thus provides a framework for developing and refining inventory management strategies by classifying products according to their sales volume (ABC) but also according to their uncertainties (XYZ). Your procurement strategy will then be different according to this new classification to optimize your stock and customer service rate.
Main purpose of ABC-XYZ Combined Analysis
- Classify by Sales Volume => ABC Analysis
- Classify by Uncertainty => XYZ Analysis
Advantage of ABC-XYZ Combined Analysis
- XYZ analysis when combined with ABC analysis helps to formulate more specific sales strategies.
- ABC-XYZ combined analysis helps to decide putaway and removal strategy of the products
- ABC-XYZ combined analysis clarifies service levels for items with volatile demand.
- It helps to reduces stock obsolescence
- It helps to Improve accuracy of forecasting.
- Reduces stock-out possibilities
- Report can be downloaded in well format EXCEL file
- Report can be analysed in graphical form (Charts)
- Report available in list view to give flexibility about grouping, searching.
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ABC Sales Frequency Analysis Report
It is always necessary for warehousing operations to keep the products stock in the right place in the warehouse. For warehousing operation it is more important to consider orders frequency rather than order quantity.
How many times warehouse users need to run throughout the stocks and arrange the shipments for orders. So it is always useful for them to identify which products are frequently ordered and which are less. So they can keep frequently moving products in nearer locations and least running products keep away. In the warehouse.
This report gives you a detailed idea about the products ordered frequency from highest order to lowest order.
Advantage of ABC Sales Frequency Analysis Report
- Allows you to focus your attention on the highest moving items
- Improves decision making on the timing and quantity of inventory sales or consumption
- Helps to define removal strategy and putaway strategy of an items
- Helps you understand the risk by checking whether all sales comes from single order or multiple orders
- User can filter by companies, categories, warehouses & products
- Report can be downloaded in well formatted EXCEL file
- Report can be analysed in graphical form (Charts)
- Report available in list view to give flexibility about grouping, searching
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Specifications
| Version | 11, 12, 13, 14, 15, 16, 17, 18, 19 |
