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Stock Analytics

You can find this section under Stock Control > Stock Analytics in the IRP Admin left navigation menu.

You use this section to estimate the costs involved in reordering stock and the potential profits available. You can also update sales velocities, reorder quantities and minimum stock levels. Note that all of the figures provide a rough estimate only. You can use the figures to adjust your targets.

The main Stock Analytics page (StockAnalytics.aspx) appears as follows:

IRP Admin image

The information bar at the top of the page displays the following details:

  • Total Number Low in Stock: This provides an estimate of the number of items across all of your stock locations that are low in stock.
  • Cost To Reorder All Low in Stock: This provides an estimate of the amount that it will cost you to reorder all of your low-in-stock items across all of your stock locations.
  • Number Of Items Back Ordered: This provides an estimate of the number of items that are back ordered across all of your stock locations.
  • Cost Of Items On Back Order: This provides an estimate of the total cost of all of the items that are on back order.

The filter bar under the information bar displays the following filtering options:

  • Location: Select a stock location from the drop-down list.
  • Brand: Select a brand from the drop-down list.
  • Supplier: Select a Supplier from the drop-down list.
  • Low in stock only: Check this box if you want to view only low-in-stock items.

How To Guides (3)

How To Update Default Targets and Selection Targets
How To Update Reorder Quantities and Minimum Stock Levels
How To Update Sales Velocities

To update sales velocities, follow these steps:

  1. Prerequisite: If not already enabled, enable the Update Sales Velocities task type under Common Tasks > Add New Common Task (see the Common Tasks help topic). This is because sales velocities are not calculated retrospectively; they will start to be recorded only when this common task is enabled, unless you manually update them.
  2. Go to Stock Control > Stock Analytics in the IRP Admin left navigation menu.
  3. Expand the Update Sales Velocities section:
    IRP Admin image
  4. Enter the number of days over which you want the analysis to run.
  5. Click the Update Sales Velocities button.
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