The Lost Sales Report is a tool used by parts managers to track parts requested by customers but unavailable due to stock shortages. It helps with inventory management and sales analysis by showing part details, monthly lost sales quantities, associated costs, total unique parts with lost sales, and the total lost sales value for the period.
Recommended Frequency: Weekly and Monthly
- Inventory Management: Helps parts managers identify which parts are frequently requested but not stocked, so they can adjust inventory levels and reduce future lost sales.
- Sales Analysis: Quantifies the potential revenue lost due to out-of-stock situations, supporting business decisions on stocking and ordering.
Navigate to: Parts> Reports > Sales > Lost Sales
Choose Parameters
This section clarifies the parameters outlined in this report. For additional details that apply to all reports, please refer to the Common Report Features article
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Months Back: The number of months for the system to look back at Lost Sales. It does not include the current month.