Veelead Extends Its Power BI Solutions for Inventory Management

Top Quote Power BI is the perfect analytical and reporting tool for the inventory management process. Veelead announces that it extends the Power BI solutions for inventory management. End Quote
  • Middlesex-Somerset-Hunterdon, NJ (1888PressRelease) August 30, 2022 - Microsoft Power BI:
    Power BI is a leading low-code/no-code Business Intelligence and Data Visualization platform provided by Microsoft that lets the users visualize the data and share insights. It gives the ability to make more informed business decisions based on data insights by converting data from different sources to build interactive dashboards and Business Intelligence reports.

    Power BI for Inventory Management:
    Inventory management is the process of tracking the inventory levels as well as the movements in the company's stock room or warehouse. Power BI is the perfect analytical and reporting tool to reflect inventory values at a specific point in time and then filter the values by different dimensions. The user can simultaneously evaluate the levels of inventory values throughout various time periods and view important inventory management ratios.

    Based on historical sales, shipment, point-of-sale, and other performance data like trends in inventory turns, businesses can use BI software to precisely plan and optimize their inventory. Managers can monitor product inventory levels and ensure that not a single product falls below a key supply level by understanding the inventory breakdown. This makes sure the business always has a minimal amount of inventory on hand, preventing delivery delays in the supply chain.

    These real-time reports, performance analytics, and automatic alerts give managers the insight they require to make better operational decisions to drive down safety stock, reduce lost sales and minimize the costs and time related to inventory management.

    Veelead Solutions Introduces Power BI Solutions for Inventory Management:
    Veelead Solutions has been helping businesses with their most difficult Business Intelligence (BI) needs for over ten years. Power BI consultants and developers are helping companies generate up-to-date business intelligence metrics through interactive data dashboards to encourage business growth. On 26th August 2022, Veelead announces that it extends the Power BI solutions for inventory management. Power BI's rapid development for inventory reporting and analytics can give businesses greater control over their inventory management and competitive advantage.

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