Monthly Inventory

This table summarizes key information for maintaining transparency, accuracy, and efficiency in our inventory management processes.

Opening Inventory:

Category	Item Code	Received	Item Description	Unit Price (USD)
Electronics	ABC-001	30	Product A	50.00
Apparel/Beauty	XYZ-002 JKL-005	10 15	Product B Product E	25.00 40.00
Home Goods	DEF-003	10	Product C	35.00
Office Supplies	GHI-004	50	Product D	15.00

Closing Inventory:

Category	Item Code	Opening Stock	Sold for the Month of January 2050	Closing Stock
Electronics	ABC-001	130	40	90
Apparel/Beauty	XYZ-002 JKL-005	80 90	30 25	50 65
Home Goods	DEF-003	125	25	100
Office Supplies	GHI-004	60	20	40

Notes:

Promotional Items: Highlight items with promotional pricing and evaluate their impact on sales and profitability.
Obsolete Inventory: Identify slow-moving items and assess their relevance; consider clearance or alternative marketing strategies.
Shrinkage Analysis: Investigate discrepancies between recorded and physical stock levels to prevent losses due to theft or errors.
Technology Integration: Explore opportunities for integrating technology, like barcoding, to enhance accuracy and speed in tracking inventory.
Customer Feedback: Incorporate customer feedback on product availability to align inventory with market demand.