diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting.rst b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting.rst index 059088239..213b1b46a 100644 --- a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting.rst +++ b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting.rst @@ -7,6 +7,7 @@ Reporting .. toctree:: :titlesonly: + reporting/forecast reporting/stock reporting/locations reporting/moves_history diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast.rst b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast.rst new file mode 100644 index 000000000..06c15ca1a --- /dev/null +++ b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast.rst @@ -0,0 +1,170 @@ +================= +Forecasted report +================= + +.. |SO| replace:: :abbr:`SO (sales order)` +.. |SOs| replace:: :abbr:`SOs (sales orders)` +.. |RFQs| replace:: :abbr:`RFQs (Requests for Quotation)` +.. |POs| replace:: :abbr:`POs (purchase orders)` +.. |PO| replace:: :abbr:`PO (purchase order)` +.. |MO| replace:: :abbr:`MO (manufacturing order)` +.. |MOs| replace:: :abbr:`MOs (manufacturing orders)` + +The **Inventory** *forecasted report* provides a real-time view of projected stock levels, helping +businesses manage their inventory efficiently. This report is beneficial for planning and decision +making, ensuring stock availability for upcoming sales, manufacturing, and replenishment activities. + +.. important:: + The forecast report is **only** available on products where inventory is being tracked, commonly + referred to as a *storable product*. + +Navigating the forecast report +============================== + +The forecast report can be accessed via the **Inventory**, **Purchase**, **Manufacturing**, and +**Sales** apps. + +To access the report, click the :icon:`fa-area-chart` :guilabel:`Forecasted` smart button on a +product form. Alternatively, the report can be accessed from a sales order (SO) or purchase order +(PO) by clicking on the :icon:`fa-area-chart` :guilabel:`(Graph)` icon next to the product, then +selecting :icon:`oi-arrow-right` :guilabel:`View Forecast`. + +.. image:: forecast/so-forecast.png + :alt: A sales order with the forecast report icon highlighted. + +The forecasted report consists of a graph and a table. The graph visually represents stock movements +over time. The following information is displayed: + +- :guilabel:`On Hand`: current stock physically available in the warehouse. +- :guilabel:`Incoming`: quantities expected from confirmed purchase orders or manufacturing orders. +- :guilabel:`Outgoing`: quantities reserved for sales orders or other outgoing operations. +- :guilabel:`Forecasted`: projected stock levels based on confirmed and planned operations. + +.. image:: forecast/forecast-chart.png + :alt: An example of the chart on a forecast report. + +The table provides detailed metrics regarding operations, including: + +- :guilabel:`Replenishment`: Shows reserved quantities, especially useful for multi-step operations. +- :guilabel:`Receipt`: The date of receipt for the items. +- :guilabel:`Units`: The number of units involved in each operation. +- :guilabel:`Used by`: The operation the stock is allocated for. +- :guilabel:`Delivery`: The scheduled or expected date of stock movement. +- :guilabel:`Forecasted Inventory`: The forecasted stock levels. +- :guilabel:`Forecasted with Pending`: The updated stock levels with the pending stock movements + considered. + +Reserve and unreserve products +------------------------------ + +Users can reserve or unreserve products directly from the forecasted report, ensuring stock +allocation aligns with operational needs. + +.. image:: forecast/forecast-table.png + :alt: The detailed section on a forecast report showing the replenishment and reserved stock. + +.. seealso:: + :doc:`../../shipping_receiving/reservation_methods` + +Replenish products +------------------ + +Click the :guilabel:`Replenish` button at the top of the report to open the :guilabel:`Product +Replenish` pop-up. From here, products can be replenished through purchase orders from vendors, or +manufactured. Select the :guilabel:`Quantity`, :guilabel:`Preferred Route` and :guilabel:`Vendor`, +before clicking :guilabel:`Confirm`. + +Manufacturing forecast +---------------------- + +To view the availability of manufactured products, click the :guilabel:`Manufacturing Forecast` +button. This displays the forecasted stock levels for raw materials, showing how much are expected +to be consumed for upcoming manufacturing orders. + +The manufacturing forecast identifies component shortages before they can impact manufacturing +timelines, and helps to align manufacturing activities with sales demands. + +.. image:: forecast/manufacturing-forecast.png + :alt: An example of the manufacturing forecast report. + +Update quantity +--------------- + +To manually update the quantity of a product, click :guilabel:`Update Quantity`. This opens the +:guilabel:`Change Product Quantity` pop-up. Confirm the correct product variant is selected in the +:guilabel:`Product` field, then enter the appropriate value in the :guilabel:`New Quantity on Hand` +field. Click :guilabel:`Apply` when finished. The report then updates to reflect the new product +quantity. + +Multi-step reservation +====================== + +Reserved quantities for multi-step incoming and outgoing shipments are indicated on in the +:guilabel:`Replenishment` column on the table of the report. + +:guilabel:`Stock in Transit` refers to products that have been received, but are in transit to their +input or quality control locations. :guilabel:`Free Stock in Transit` refers to available products +received in the input location, but not yet placed in stock. + +Operations affecting the forecast report +======================================== + +The forecast report is influenced by various operations, each impacting stock levels differently. +Scheduled delivery dates, planned manufacturing dates, and expected arrival dates all affect the +forecast of inventory. + +Requests for Quotation (RFQs) do not immediately impact the forecast report, as the products are not +confirmed for replenishment. |POs|, however, do affect the report as the products are expected to +arrive after the |PO| has been confirmed. + +Confirmed |SOs| decrease the forecasted stock, adjusting the report based on the scheduled delivery +date. Confirmed manufacturing orders (MOs) affect the forecasted stock for both raw materials and +finished goods. + +Use cases +========= + +Negative quantity +----------------- + +A negative forecasted quantity indicates that the projected demand exceeds the available and +incoming stock at a given point in time. This could occur because the |SOs| or |MOs| require more +stock than is currently available or expected, or because of delays in the shipping or manufacturing +process. + +Whatever the cause, when negative numbers are displayed on the forecast report, it serves as an +early warning, allowing business to take preventative action. This can include: + +- Prioritizing specific sales or production orders. +- Adjusting procurement strategies to expedite purchase orders. +- Manage customer expectations by proactively communicating the possibility for delays. + +.. image:: forecast/neg-quantity.png + :alt: An example of the forecast report with a negative quantity. + +Split orders +------------ + +In the example below, there is not currently enough stock of a product, `Cabinet with Doors` to +fulfill the multiple sales orders. The current stock has been reserved for a shipment, +`WH/OUT/00011`, and the remainder has been split between the two orders. The remaining stock is +expected with `WH/IN/00004`. Once received, they are the separated out to cover the remaining +orders. + +.. image:: forecast/forecast-use-case.png + :alt: An example of the forecast report chart showing the split delivery for an order. + +Late receipt +------------ + +The replenishment table can be used to determine whether an incoming shipment arrives in time to +fulfill an order. For example, a |SO| is displayed with a :guilabel:`Delivery Date` for today for +five `Cable Management Boxes`. The current on hand quantity is zero. A |PO| has been confirmed, with +the expected arrival three days from today. + +The forecasted quantity for today shows `-5`, because the confirmed demand is five, but the current +stock on hand is zero. Since the :guilabel:`Receipt` date is *after* the :guilabel:`Delivery Date`, +the shipment is late. + +This can be an indication to either expedite the current shipment, if possible, or reschedule the +delivery date for the |SO|. diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/forecast-chart.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/forecast-chart.png new file mode 100644 index 000000000..475e9064f Binary files /dev/null and b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/forecast-chart.png differ diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/forecast-table.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/forecast-table.png new file mode 100644 index 000000000..c172d9a92 Binary files /dev/null and b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/forecast-table.png differ diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/forecast-use-case.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/forecast-use-case.png new file mode 100644 index 000000000..8ff1700fe Binary files /dev/null and b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/forecast-use-case.png differ diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/manufacturing-forecast.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/manufacturing-forecast.png new file mode 100644 index 000000000..330aae17b Binary files /dev/null and b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/manufacturing-forecast.png differ diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/neg-quantity.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/neg-quantity.png new file mode 100644 index 000000000..56df96947 Binary files /dev/null and b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/neg-quantity.png differ diff --git a/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/so-forecast.png b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/so-forecast.png new file mode 100644 index 000000000..1a423d26d Binary files /dev/null and b/content/applications/inventory_and_mrp/inventory/warehouses_storage/reporting/forecast/so-forecast.png differ