When it comes to optimizing inventory management, data transparency and actionable insights are key. InsightsPro by AGR is designed to give you exactly that—a powerful tool that enhances your inventory management with advanced analytics, future stock projections, and comprehensive reporting. Built as an add-on to AGR’s base module, Inventory IQ, InsightsPro offers features like Power BI dashboards, purchase planning, and detailed stock analysis, helping you make smarter, data-driven decisions.
Power BI dashboards for enhanced transparency
With InsightsPro, you gain access to Power BI dashboards that provide clear, customisable views of your inventory data. These dashboards include a variety of templates that give you real-time insights into your stock levels, overstock, and future inventory needs. For example, the Total Stock Value report allows you to track the value of your inventory over time, broken down by item importance (A, B, or C categories), item group, and supplier.
This level of transparency is especially valuable for executive business reviews, where you need to show how much value you’ve saved on stock investment or how your stock levels have improved since implementing AGR’s system. Whether you’re reviewing your stock turnover or identifying overstocked items, the Power BI templates allow you to slice and dice the data by location, vendor, or item group, giving you the flexibility to analyse your inventory from multiple angles.
Identify overstock and reduce unnecessary investment
One of the most valuable features in InsightsPro is the Overstock Value report, which highlights how much of your stock is overstocked and could be better managed. The report breaks down overstock by item importance, so you can see where you’re holding excess inventory in high-value or low-value items. This gives you actionable insights into how you can free up cash that’s tied up in stock you don’t need, allowing you to invest that money elsewhere.
InsightsPro helps you make informed decisions about reducing overstock, especially for high-importance items where excess stock can have a larger financial impact.
Future stock forecasting: Plan ahead with confidence
One of the standout features of InsightsPro is its ability to forecast future stock needs. The system projects how your inventory will develop over the next 12 months, based on current stock levels, open purchase orders, and sales forecasts. This allows you to anticipate stock levels and plan for future replenishments, giving you an early warning if your stock is likely to run low or build up beyond what’s necessary.
For CFOs and purchasing managers, this forecasting tool provides crucial insights into future stock delivery values and helps manage cash flow more effectively. For instance, if your sales are expected to peak in June, you can see how much stock needs to be ordered in advance and how that will impact your overall cash flow. This feature ensures that your business is prepared for both growth and seasonal fluctuations in demand.
Stock turnover and inventory optimization
Managing your stock turnover rate is critical for maintaining a lean, efficient inventory. With InsightsPro, you can track your stock turnover using a standard formula that measures how often your stock is sold and replaced over a specific period. The system also calculates your days inventory outstanding (DIO)—the number of days your inventory sits before being sold.
By monitoring these metrics over time, you can optimize your stock levels to ensure you’re turning your inventory faster and holding less stock, which in turn improves your cash-to-cash cycle. This metric is vital for companies looking to improve their operational efficiency by reducing the time it takes to convert inventory into cash.
Forecast accuracy and benchmarking
With forecast analysis, InsightsPro allows you to benchmark the accuracy of your demand forecasts. You can compare forecasts made one month, three months, or even six months before sales occur, helping you assess how well the system’s predictions matched actual sales. This is especially useful for companies with long lead times, where accurate forecasting is critical to making timely purchasing decisions.
The system also tracks how well you’ve managed to meet your service level targets, showing you where forecast inaccuracies may have impacted your ability to keep stock available when it’s needed most.
Purchase planning for seamless supplier communication
Managing your suppliers is easier with purchase plans, another key feature of InsightsPro. You can generate 12-month rolling purchase plans and send them directly to your suppliers, giving them a clear picture of your future stock needs. These plans can be exported into Excel for easy sharing and can be customized to reflect your specific purchasing needs by supplier, item, or location.
For businesses dealing with suppliers who may have unreliable lead times, sending a detailed forecast helps streamline negotiations and ensures that both parties are aligned on future orders. This feature automates what would otherwise be a time-consuming manual task, freeing up your team to focus on higher-level strategic planning.
Advanced columns for deep data analysis
InsightsPro provides you with advanced reporting columns that give a deeper look into your inventory performance. You can analyse stockouts over different time periods (30 days, 6 months, or 12 months) and track the average stock holding for each item, helping you understand how often you’ve been short on stock and why.
The system even flags expected stockouts, giving you a proactive way to manage items that are at risk of running out before your next replenishment. This ensures that your service levels remain high and that you’re not caught off guard by unexpected shortages.
Data-driven insights for better inventory management
InsightsPro by AGR is a must-have tool for businesses looking to make data-driven decisions that enhance inventory efficiency. Whether you’re trying to optimize stock turnover, reduce overstock, or improve forecast accuracy, InsightsPro gives you the transparency and control you need to manage your inventory with precision. From advanced Power BI dashboards to future stock forecasting and purchase planning, InsightsPro turns raw data into actionable insights that save time, reduce costs, and help you make smarter inventory decisions. Book a demo today to learn about InsightsPro and unlock the full potential of your data
