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How to Accurately Track Your Inventory's Value using Inventory Valuation
How to Accurately Track Your Inventory's Value using Inventory Valuation
Updated over 11 months ago

As a business owner, accurately tracking the value of your inventory is crucial to ensuring you are making informed decisions about pricing, restocking, and potential profits.

Fortunately, with Dizlog's Inventory Valuation report feature, tracking your inventory's value has never been easier.

Choose which feature you are using:


💻 For DizLog Web App:

Here's what you need to know about the Inventory Valuation report:

Filters:

  1. Search: search for a specific product or SKU.

  2. Location: filter by location to see inventory values for each location.

  3. Category: filter by category to see inventory values for each category.

Report Details:

  • Total Inventory Value: the total value of all inventory in stock.

  • Total Retail Value: the total value of all inventory at their retail prices.

  • Potential Profit: the estimated profit that can be made if all inventory is sold at retail prices.

  • Margin: the percentage of profit that can be made on all inventory sold at retail prices.

Columns:

  1. SKU: the unique identifier for each product.

  2. Product: the name of the product.

  3. Category: the category the product falls under.

  4. Margin: the percentage of profit that can be made on each product sold at retail prices.

  5. Potential Profit: the estimated profit that can be made for each product if sold at retail prices.

  6. Total Inventory Value: the total value of each product in stock.

  7. Total Retail Value: the total value of each product at its retail price.

Using the Inventory Valuation report can help you make informed decisions about pricing, restocking, and overall profitability of your inventory.

With its customizable filters and detailed report, you can easily track the value of your inventory in real-time.


📱 For DizLog Mobile App:

  1. Click on the inventory/ catalog section

  2. Click on the "More" tab

  3. Click on the "Reports" tab

  4. Go to the Inventory Valuation Report and it would display your Inventory Valuation Report

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