Which reports provide real-time data on inventory levels and sales history?

The Inventory Management Report is designed to provide real-time data specifically focused on inventory levels, showing the current amount of stock on hand and any changes in quantity due to sales, returns, or adjustments. This type of report is crucial for effective loss prevention strategies, as it allows managers to closely monitor stock levels, identify discrepancies, and respond to potential issues such as theft or mismanagement.

Sales history may not be the primary focus of the Inventory Management Report, but it can indirectly reflect inventory movement, as an increase in sales typically leads to decreased stock levels. This report complements other reports by offering a snapshot of the availability of products, which is essential for stocking decisions and ensuring that theft is minimized through oversight of changing inventory levels.

In contrast, Sales Reports focus on revenue generated and sales transactions rather than inventory status. Performance Analysis Reports evaluate operational efficiency and overall performance metrics, which do not specifically address real-time inventory data. Stock Alert Reports usually notify management of low stock levels or items that need restocking but often do not provide comprehensive data on current inventory levels and the full sales history required to make informed inventory decisions.