Don’t you wish your Microsoft Dynamics NAV system included a Dead Inventory Report?
The dead inventory report analyzes which items sitting in inventory are not sold within a defined period of time. This report separates the inventory by location, along with the unit cost if it varies by location. The total value of the dead inventory is then calculated to give users a clearer picture as to how much product is taking up wasted space in the warehouse. The report is completely customizable, meaning you are able to sort by item, location or vendor.
This can be an incredibly useful report in order to identify which items are not being utilized lying around in the warehouse. This will increase your awareness of stock and identify if inventory processes need to be reevaluated. Taking measures such as these can increase the effectiveness of your inventory planning.
Contact us today to see how to improve your inventory management and get more out of Microsoft Dynamics NAV!