ABC Analysis in Inventory Management

by
Odoo

21.26

v 17.0 Third Party 2
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Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies Inventory (stock)
Sales (sale_management)
Discuss (mail)
Invoicing (account)
Lines of code 715
Technical Name sr_inventory_abc_analysis_report
LicenseOPL-1
Websitehttps://www.sitaramsolutions.in
Versions 17.0 16.0 14.0 15.0
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Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies Inventory (stock)
Sales (sale_management)
Discuss (mail)
Invoicing (account)
Lines of code 715
Technical Name sr_inventory_abc_analysis_report
LicenseOPL-1
Websitehttps://www.sitaramsolutions.in
Versions 17.0 16.0 14.0 15.0
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Supported Edition: Community Enterprise Odoo SH

ABC Analysis in Inventory Management

ABC analysis is a method used in inventory management to categorize inventory items into three classes based on their importance or value to the organization. The letters "ABC" refer to the three classes, with "A" items being the most valuable or important, "B" items being less valuable or important, and "C" items being the least valuable or important. The classification is typically done based on factors such as Consumptions value and Sold Units. Once items have been classified, different inventory management strategies can be applied to each class. For example, "A" items may require more frequent monitoring and tighter inventory controls, while "C" items may require less attention and less stringent controls.

Module Features
  • Export Inventory ABC Report Based On Products Or Categories.
  • ABC analysis Classification calculations based on Consumption value or Sold Unit
  • Export ABC analysis in Excel or PDF
  • 50 Days Free Support
The Benefits of ABC Analysis
  • Prioritization: ABC analysis helps to prioritize inventory items based on their importance, which can aid in decision making.
  • Cost savings: By focusing on the most important items (category A), a company can reduce overall inventory costs while still maintaining an adequate supply of critical items.
  • Improved forecasting: By understanding the sales patterns of category A items, a company can improve their forecasting accuracy and reduce stockouts.
  • Better use of resources: By focusing on the most important items, a company can better allocate their resources and improve their overall efficiency.
  • Better control: With ABC analysis, a company can establish better control over their inventory, reducing the risk of stockouts and overstocking.

Inventory ABC Analysis Report Menu

Once you click on ABC Report Menu, It will open one popup where you can see different filters and domain like date range, Classification by and report based on.

Sample PDF And Excel Report for Products with sold unit classifications

Sample PDF And Excel Report for Products Categories with sold unit classifications

Sample PDF And Excel Report for Products with Consumptions Value classifications

Sample PDF And Excel Report for Products Categories with Consumptions Value classifications

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