V P NarasimhanThere were several reasons to generate Inventory reports as follows:
1) To extract the exact availability of materials from time to time.
2) To find out obsolete inventory
3) To find out the Scrap items.
4) Cost comparison
5) Vendor development
6) Funds allocation for future requirements/procurements.
7) Avoid order repetition.
8) M I S
9) Production Planning
From India , Madras