Shopify

This suite provides a full set of dashboards and reports to monitor stock levels, evaluate profitability, and plan replenishment. It is designed to balance three competing goals:

1. Avoid stockouts by maintaining adequate supply.

2. Avoid overstocking that ties up working capital.

3. Maximize profitability across products, categories, vendors, and locations.

Dashboards & Reports

1. Inventory Dashboard

• Start here for a high-level view of inventory health and cost allocation.

2. Dead Stock Report

• Identify products for discounting, bundling, or removal from assortment.

3. Profitability Reports

• Diagnose which items, categories, or suppliers are truly profitable — not just high-selling.

4. Sales Comparison Reports

• Spot growth or decline trends, and cross-compare categories, vendors, and stores for strategic planning.

5. Open to Buy Planner

• Manage budget allocations across categories to avoid overspending or understocking.

6. Purchase Planner

• SKU-level view for long-life, stable-demand products to provide tactical order recommendations to keep coverage aligned with demand.

7. Frequently Sold Items

• Identify dependable sellers that require consistent replenishment and support.

How to Work With the Suite

1. Monitor Overall Health

• Begin with the Inventory Dashboard to see cost distribution, risks (low inventory), and profitability trends.

2. Address Extremes

• Use Dead Stock to reduce overstock.

• Use Low Inventory (from dashboard) and Frequently Sold Items to prevent stockouts.

3. Check Profitability & Growth

• Use Profitability Reports for efficiency metrics (GMROI, turnover).

• Use Sales Comparison Reports to track category/vendor/location growth YoY.

4. Plan Purchases

• Allocate budgets with Open to Buy Planner.

• Confirm tactical orders with Purchase Planner.

• Cross-check with Profitability before committing spend.

5. Close the Loop

• Reassess vendor relationships, assortment mix, and purchasing policies based on report findings.

• Feed results back into forecasting and replenishment cycles.

Summary

The suite is designed for closed-loop inventory management:

1. Diagnose problems (overstock, understock, low margin).

2. Plan corrective action (budget, purchasing, clearance).

3. Track execution (profitability, turnover, coverage).

By using the reports together, decision-makers can align financial outcomes (profit, ROI) with operational execution (stock levels, vendor performance).