The amount of inventory stocked against which there no receipt information

KPI Definition

Inventory Value with no receipt info, as a critical metric within the realm of supply chain Key Performance Indicators (KPIs), refers to the monetary worth of inventory items within the supply chain network for which there is a lack of documented receipt information or traceability regarding their origin, acquisition, or entry into the inventory system. This metric encapsulates the value of inventory assets that lack proper documentation or visibility within the procurement, receiving, and inventory management processes, posing significant challenges in terms of inventory control, accuracy, and accountability. Inventory value with no receipt info serves as an indicator of potential deficiencies in inventory tracking mechanisms, receiving processes, data integrity, or compliance with regulatory requirements, which can lead to operational inefficiencies, financial discrepancies, and increased risk exposure.

Business Value

This metric helps businesses analyses the amount associated with inventory that does not have a receipt information