Parts Work in Process (WIP) Value Report
Active/Open Value of Billed Parts
The Parts WIP Value report provides a detailed summary of the value of parts billed on active or open Parts Invoices or Repair Orders. This report is essential for Parts Managers and Fixed Ops Directors, especially during physical inventory, as it helps align accounting values with those of the Parts Department.
Recommended Frequency: Weekly and Monthly
- Performance Evaluation: Managers use this report to evaluate individual sales productivity, identify top performers, and spot areas needing improvement.
- Financial Analysis: The report helps analyze profitability by comparing sales revenue to costs and calculating gross profit percentages.