Inventory Velocity
- 29 Mar 2023
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Inventory Velocity
- Updated on 29 Mar 2023
- 1 Minute to read
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The inventory velocity report reviews the sales of an SKU over the last 30, 60, and 90-day intervals. Based on your current inventory and the deals you have made for the SKU over these time frames, the report approximates the rate at which you will deplete your remaining stock and provides recommended actions (OK, or Replenish) for 30, 60, and 90-day intervals.
We have several parameters you can use to get the most out of your inventory velocity report:
Order Status | The status of the order. (Submitted/ Completed/ Pending/ Hold/ Cancelled/ Quarantine) |
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Order Types | The type of order. (POS/ AdminPanel/ ClubOrder) |
Shipping Status | The quality of the shipment. (NO Status/ Sent To Fulfillment/ Shipped/ etc.) |
Vendors | The web services account is integrated with the Vin65 platform. |
From Date-To Date | The timeframe of the report. |
Reports are exported in a CSV format.
Here are the definitions of what will populate your Inventory Velocity report:
Product Name | Name of the product. |
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Product SKU | The SKU number for the product. |
Active | Active products. |
On Website | Products listed on the website. |
Pool | The Inventory Pool of the product. |
Current Inventory | The amount of a product in stock. |
Last Sale | Date of the previous sale. |
Date Added | The date the product was added. |
30 Days/ 60 Days/ 90 Days | The number of products sold in the last 30/ 60/ 90 days. |
Shipped Per Day | Products shipped per day. |
Days to Zero | The number of days until the inventory of the product is depleted to 0. |
Current Inventory vs. 60-Day | Current inventory vs. inventory in 60-day projection. |
Current Inventory vs. 90-Day | Current inventory vs. inventory in 90-day projection. |
Recommended Action | If an inventory is OK or needs replenishment. |
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