What is the difference between the Outlet Variance Report and the Inventory Valuation?

Hi Su, 

Thank you for your query,

The Inventory Valuation Reports in the solution are used to see the inventory counts that have or have not yet been put in by users or, if rollover, what the system has calculated the current amount on-hand.  For more details please refer to these articles: https://fc.force.com/customer/s/article/Purchasing-Inventory-Inventory-Valuation-Current-Period-Report;https://fc.force.com/customer/s/article/Purchasing-Inventory-Inventory-Valuation-Historical-Report

For review of system product movement including requisitions and transfers, the Outlet Variance report will show any discrepancies between what was counted and what the system has calculated to be on hand for a selected Period Inventory.  For more information on this report please refer to the following article: https://fc.force.com/customer/s/article/Purchasing-Inventory-Outlet-Variance-Report

Best,

Rene