Analyses Inventory
In this section, we discuss various analyses on the inventory. We examine the goods movement for example.
Money–Goods movement (reconcile stock movements with general ledger)
INVENTORY
In this article we verify whether inventory movements reconcile with the financial records using the formula: Opening Inventory + Purchases – Closing Inventory = Sales.
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Inventory Aging Analysis (FIFO)
In this article, we analyze the age of inventory to identify obsolete goods. Using Python, we create an overview of slow-moving stock.
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Inventory turnover analysis
Calculate product turnover using sales and turnover and average stock. Identify slow moving items and improve inventory management (incl. script)
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