Let me guide you how. Go to the Settings (Gear) icon at the upper right. Select Account and Settings. Choose Sales. Select the Products and services section. Turn on Show Product/Service column on sales forms. Check the Track inventory quantity on hand box.
Full Answer
How do you measure inventory performance?
By measuring stock on hand, over stock, under stock and dead stock and collating all these metrics on a dashboard will help you be in control of your inventory in real time. In traditional stock management, ratios such as inventory turnover and gross margin return on inventory investment (GMROII) were used to measure inventory performance.
How to calculate stock on hand in Excel?
Stock on Hand = var _currdate=MAX ('Inventory' [Date]. [Date]) return CALCULATE ( SUM ('Inventory' [Quantity]), FILTER ( ALLSELECTED ('Inventory' [Date]. [Date]), ISONORAFTER ('Inventory' [Date].
How do you measure the performance of stock management?
In traditional stock management, ratios such as inventory turnover and gross margin return on inventory investment (GMROII) were used to measure inventory performance. Both of these metrics require a series of calculations.
What is QuickBase 1?
1. Inventory management with a constraint Whenever you are faced with a workflow or business problem, QuickBase provides you with building blocks that you can use to solve your problem.
Does inventory adjustment affect quantity on hand?
Inventory adjustment will only affect the Quantity on hand. Thus, adding the existing inventory on projects is unavailable.
Is having an inventory useless?
The way it is set up now, having an inventory is completely useless to me.
Can you add inventory to a project?
At this time, we're unable to add an inventory to a project. You'll have to create an invoice for the inventory you wish to take and use to the project.
How to determine overstock?
Overstock can be determined by looking at historical salestrends, and comparing these to current stock on hand. This concept is closely related to that of inventory turns, or inventory turnover, but is represented as a more actionable form of data.
How to know if you have overstock?
In the image below, you can see how inventory management software helps you quickly identify overstock by exploring a metric called ‘stock in months’. If your historical data tells you that you typically sell little of a given product, but you see you have 60 months (or 5 years!) worth of a product in stock, this would typically mean you have overstock.
What does overstock mean in business?
In addition, overstock or dead stock that is of a high value represents company assets that are not accessible and are not producing a profit. This may prevent the company from investing in opportunities for business growth, or may put the business in a difficult position when prices are pressed down through competition.
What happens if you don't return overstock?
If overstock is not returned or sold at a discount, it may contribute to a dead stock graveyard over time. The business is then not only unable to sell the stock it purchased, but storage space that could have been used for profitable products is also taken up.
What is dead stock?
You may have read our recent blog on dead stock. Dead stock is stock that is no longer being sold and presents a loss to your business.
Why is it important to understand stock levels?
Appropriate stock levels enable your sales team to ensure your valued customers get their products on time and allow you to do more with your capital.
What is over stock and under stock?
Over stock and under stock are essential inventory metrics for distributors to improve stock control by helping you know what stock you have, where it is and what it's worth.