Task IntentOperations
Inventory Analytics Report
Generate a comprehensive inventory analytics report covering turnover rates, stock health, carrying costs, and demand forecasting insights.
What This Sidekick Query Does
Generate a comprehensive inventory analytics report covering turnover rates, stock health, carrying costs, and demand forecasting insights.
Prompts
Copy, adapt, and run this directly in Shopify Sidekick.
Generate a comprehensive inventory analytics report for my Shopify store covering stock health, turnover, carrying costs, and demand patterns.
Store and Inventory Context:
Store URL: [YOUR_STORE_URL]
Total SKUs: [TOTAL_SKUS, e.g., 500]
Inventory locations: [LOCATIONS, e.g., 1 warehouse, 2 warehouses + retail store]
Average inventory value: [INVENTORY_VALUE, e.g., $75000]
Product cost tracking: [COST_METHOD, e.g., cost per item in Shopify, external spreadsheet, not tracked]
Reporting period: [TIME_PERIOD, e.g., last 90 days]
Storage/carrying cost rate: [CARRYING_COST, e.g., 25% annually or “$2 per unit per month”]
Inventory Analytics Sections:
Inventory Health Overview:
Total inventory units on hand and total inventory value
Inventory breakdown by category and by location
In-stock rate: percentage of active products currently available
Stockout events in [TIME_PERIOD]: products that went to zero and days out of stock
Estimated lost revenue from stockouts (daily sales velocity x days out of stock)
Overstock items: products with more than [OVERSTOCK_DAYS, e.g., 180] days of supply
Inventory Turnover Analysis:
Overall inventory turnover ratio: COGS / average inventory value
Turnover ratio by product category
Days of inventory on hand (DOH) by product and by category
Comparison to industry benchmarks for [YOUR_INDUSTRY, e.g., apparel, electronics]
Identify fast-turning products (under 14 days DOH) needing frequent restocking
Identify slow-turning products (over 90 days DOH) tying up capital
ABC Analysis:
Classify all SKUs into A, B, and C categories:
A items: top 20% of SKUs generating 80% of revenue
B items: next 30% of SKUs generating 15% of revenue
C items: bottom 50% of SKUs generating 5% of revenue
Current inventory investment split across A, B, C categories
Recommended service levels for each category (A: 98%, B: 95%, C: 90%)
Reorder priority based on ABC classification
Carrying Cost Analysis:
Total monthly carrying cost at [CARRYING_COST] rate
Carrying cost breakdown by category
Products with highest carrying cost relative to revenue generated
Dead stock cost: carrying cost of items with zero sales in [TIME_PERIOD]
Opportunity cost: capital tied in excess inventory that could be invested elsewhere
Target inventory reduction recommendations with projected savings
Demand Pattern Analysis:
Identify products with consistent demand vs erratic demand (coefficient of variation)
Seasonal demand patterns by product category (monthly sales over last 12 months)
Lead time analysis: average supplier lead time by vendor
Recommended reorder points based on demand variability and lead time
Safety stock calculations for A-category items
Inventory Action Plan:
Immediate actions: products to reorder now (below safety stock)
Clearance candidates: dead stock and extreme slow movers with liquidation strategy
Overstock reduction: products to promote, bundle, or discount to reduce excess
Process improvements: recommended changes to purchasing frequency and quantities
Forecasting setup: tools and methods to implement demand-based ordering
Monthly inventory review checklist and KPIs to track going forwardExpected Output
Generate a comprehensive inventory analytics report covering turnover rates, stock health, carrying costs, and demand forecasting insights.
Tips to Improve Results
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