We’ve rolled out a series of updates to make managing your parts inventory simpler, smarter, and more insightful.
What’s New
Total Inventory Value: Instantly view the total value of all active parts, automatically calculated using each part’s unit cost and quantity.
Turnover Ratio KPI: Track parts consumption with a new KPI showing turnover ratio, total parts value divided by parts consumption from the last two months.
Parts Classification: Categorize parts (e.g., fast-moving, high-value) for better organization and tracking.
Inventory Audits: Use the new Audit feature to pass or adjust inventory levels easily, and record who performed the audit and when it was completed.
New Table Columns: The main inventory table now includes:
Parts Value
Class
Turnover Ratio
Last Audit Timestamp
Why It Matters
These updates bring more visibility and accountability to your inventory management. From tracking value to auditing stock levels, you now have the tools to make smarter, data-driven decisions about your parts.
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