Inventory Management Dashboard

The Inventory Management Dashboard is a strategic tool designed to monitor and analyse inventory metrics, providing insights into stock on hand trends, inventory turnover rates, days inventory outstanding (DIO), days payable outstanding (DPO), and inventory write-off provisions. It graphically represents the stock on hand over time, helping businesses identify patterns and adjust purchasing accordingly. The dashboard calculates inventory turns, indicating how often inventory is sold and replaced within a specific period, which aids in assessing the efficiency of inventory management. Days inventory outstanding highlights the average number of days that inventory remains in stock before being sold, while days payable outstanding shows the average duration it takes to pay suppliers. Additionally, the dashboard includes a provision for write-offs, accounting for lost, stolen, or obsolete stock, thus offering a comprehensive view of the inventory’s financial health. This tool empowers businesses to make informed decisions, optimize inventory levels, and enhance financial performance.