Identify inventory items to include in the dashboard
2
Pull latest inventory data from the systems
3
Cleanse and verify the inventory data
4
Sort the inventory data based on pre-defined parameters
5
Calculate total value of the inventory
6
Calculate the aging of the inventory items
7
Identify slow moving/obsolete inventory items
8
Process and summarize the inventory turnover ratio
9
Represent the inventory data visually
10
Approval: Inventory Manager review
11
Make adjustments based on the Inventory Manager's review
12
Draft summary of inventory status report
13
Prepare recommendations for inventory reordering and liquidation
14
Approval: Senior Management review
15
Prepare the dashboard for the real time tracking
16
Test the real time tracking feature
17
Ensure completion of syncing with the data source
18
Give final review of the finalized dashboard
19
Deployment of inventory management dashboard
20
Send notification to users about the dashboard update
Identify inventory items to include in the dashboard
This task involves identifying the specific inventory items that will be included in the inventory management dashboard. Consider the items that are most critical to track and monitor for effective inventory management. Think about the impact that these items have on the overall process and the desired results. Are there any specific challenges that need to be addressed in terms of identifying and selecting the inventory items? What resources or tools can be used to assist in this task?
Pull latest inventory data from the systems
This task involves pulling the most up-to-date inventory data from the systems. This data will form the basis for the inventory management dashboard. Consider the role that this task plays in ensuring accurate and timely data for better decision making. Are there any potential challenges in pulling the data? What tools or resources are available to retrieve the inventory data?
1
System A
2
System B
3
System C
Cleanse and verify the inventory data
This task involves cleansing and verifying the inventory data that has been pulled from the systems. The purpose is to remove any errors or inconsistencies in the data. Consider the impact that clean and accurate data has on the overall inventory management process. What steps or procedures need to be followed to cleanse and verify the data? Are there any challenges that may arise during this task? What tools or resources can be used to assist in this process?
Sort the inventory data based on pre-defined parameters
This task involves sorting the inventory data based on pre-defined parameters. This allows for easier analysis and identification of patterns or trends in the inventory. Consider the impact that sorted data has on the overall inventory management process. What are the pre-defined parameters for sorting the data? Are there any challenges or considerations when sorting the data? What tools or resources can be used to assist in this task?
1
Price
2
Quantity
3
Expiration date
Calculate total value of the inventory
This task involves calculating the total value of the inventory based on the sorted data. This provides a clear understanding of the financial impact of the inventory. Consider the importance of accurate calculations for financial planning and decision making. Are there any challenges or considerations when calculating the total value? What tools or resources can be used to assist in this task?
1
USD
2
EUR
3
GBP
Calculate the aging of the inventory items
This task involves calculating the aging of the inventory items based on their date of acquisition or entry into the system. This information helps identify inventory that may be close to expiration or obsolescence. Consider the impact of identifying aging inventory on inventory management and decision making. Are there any challenges or considerations when calculating the aging? What tools or resources can be used to assist in this task?
Identify slow moving/obsolete inventory items
This task involves identifying slow moving or obsolete inventory items based on their aging or lack of sales activity. This information helps inform inventory management strategies and decision making. Consider the impact of identifying slow moving or obsolete inventory on budgeting and resource allocation. Are there any challenges or considerations when identifying these items? What tools or resources can be used to assist in this task?
1
Raw materials
2
Finished goods
3
Components
Process and summarize the inventory turnover ratio
This task involves processing and summarizing the inventory turnover ratio, which measures the number of times inventory is sold or used over a given period. This information helps evaluate the efficiency of inventory management. Consider the impact of knowing the inventory turnover ratio on decision making. Are there any challenges or considerations when calculating and summarizing this ratio? What tools or resources can be used to assist in this task?
1
Monthly
2
Quarterly
3
Yearly
Represent the inventory data visually
This task involves representing the inventory data visually in charts, graphs, or other visual presentations. This helps to quickly and clearly understand the inventory status and trends. Consider the impact of visual representations on decision making and communication. Are there any challenges or considerations when representing the data visually? What tools or resources can be used to assist in this task?
1
Bar chart
2
Pie chart
3
Line graph
Approval: Inventory Manager review
Will be submitted for approval:
Identify inventory items to include in the dashboard
Will be submitted
Pull latest inventory data from the systems
Will be submitted
Cleanse and verify the inventory data
Will be submitted
Sort the inventory data based on pre-defined parameters
Will be submitted
Calculate total value of the inventory
Will be submitted
Calculate the aging of the inventory items
Will be submitted
Identify slow moving/obsolete inventory items
Will be submitted
Process and summarize the inventory turnover ratio
Will be submitted
Represent the inventory data visually
Will be submitted
Make adjustments based on the Inventory Manager's review
This task involves making adjustments to the inventory management dashboard based on the review and feedback of the Inventory Manager. Consider the importance of incorporating feedback to improve the effectiveness of the dashboard. What specific adjustments may be required? Are there any challenges or considerations in making these adjustments?
Draft summary of inventory status report
This task involves drafting a summary of the inventory status report based on the data and findings from the inventory management dashboard. Consider the impact of the summary on decision making and communication. What key points should be included in the summary? Are there any challenges or considerations in drafting the summary? What tools or resources can be used to assist in this task?
Prepare recommendations for inventory reordering and liquidation
This task involves preparing recommendations for inventory reordering and liquidation based on the findings from the inventory management dashboard. Consider the impact of these recommendations on cost optimization and inventory management strategies. What specific recommendations can be made? Are there any challenges or considerations in preparing these recommendations?
Approval: Senior Management review
Will be submitted for approval:
Draft summary of inventory status report
Will be submitted
Prepare recommendations for inventory reordering and liquidation
Will be submitted
Prepare the dashboard for the real time tracking
This task involves preparing the inventory management dashboard for real-time tracking. This allows for immediate visibility into inventory status and updates. Consider the impact of real-time tracking on decision making and inventory control. What specific steps need to be taken to prepare the dashboard for real-time tracking? Are there any challenges or considerations in this task? What tools or resources can be used to assist in this process?
Test the real time tracking feature
This task involves testing the real-time tracking feature of the inventory management dashboard. This ensures that the feature is functioning correctly and providing accurate and up-to-date information. Consider the importance of accurate real-time tracking for decision making and inventory control. What specific steps need to be taken to test the real-time tracking feature? Are there any challenges or considerations in this task? What tools or resources can be used to assist in this process?
Ensure completion of syncing with the data source
This task involves ensuring that the inventory management dashboard is fully synced with the data source. This ensures that the data displayed on the dashboard is accurate and up-to-date. Consider the impact of accurate data syncing on decision making and inventory control. What specific steps need to be taken to ensure completion of syncing? Are there any challenges or considerations in this task? What tools or resources can be used to assist in this process?
Give final review of the finalized dashboard
This task involves giving a final review of the finalized inventory management dashboard. This ensures that all necessary adjustments and improvements have been made before deployment. Consider the importance of a thorough review for optimal dashboard performance. Are there any specific areas of focus for the review? What challenges or considerations need to be addressed in this task?
Deployment of inventory management dashboard
This task involves deploying the finalized inventory management dashboard for use by the inventory team. Consider the impact of the dashboard on day-to-day inventory management activities. What specific steps need to be taken to deploy the dashboard? Are there any challenges or considerations in this task? What tools or resources can be used to assist in this process?
1
Process Street
2
Microsoft Power BI
3
Tableau
Send notification to users about the dashboard update
This task involves sending a notification to users about the update to the inventory management dashboard. This ensures that all relevant stakeholders are aware of the changes and can access the updated dashboard. Consider the impact of communication on user adoption and engagement. What specific information should be included in the notification? Are there any challenges or considerations in this task?
