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This report will compare what is needed for orders and what is expected from open purchase orders and reports the discrepancy by way of the variance column.  The variance column is color coded so red numbers mean you need to order more of the item and a green number indicates you have more expected than needed.
 
By default the report sorts by SKU, but you can sort by any column you choose.
 
You can filter this report by SKU, Product Name, Location, Category, and Supplier.

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