Optimize the Items to ReOrder Report
This report is great, but does not cross reference components that are apart of kits within kits. Once we build a kit most, if not all, the components for that kit are used and promptly show up on the items to reorder report. We would just like the report to illustrate that shoe laces are NOT out of stock if they are part of the kit, that is fully stocked, that combines laces with shoes and a box.

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If I understand your request correctly, you are saying you want CMS to consider the components of unsold kits as available stock, is that right?
If so, I think I need to understand how this would work for you. Even if you could see the component inventory as available in the report, from a process standpoint, CMS does not presently have a facility to break up these assembled kits into their components.
It is functionality we have considered adding to Kit Builder, where kits are constructed (removing inventory from components and adding it to the assembled kit.) The feature would be to deconstruct kits (or explode as we've affectionately referred to it), putting the components back into stock and removing the inventory from the assembled kit.
I'll also throw out the alternative to assembled kits which is our standard kit, those which pull stock at the time of order. With this type of kit the components remain in a shared inventory from which any kit can pull from them. That component allocation takes place when the item is added to the order. In this case the Items To Reorder report would work as requested, always showing total available regardless of the kits that may pull from its stock.
For clarity, the difference between an assembled kit and a standard kit that pulls inventory at order time is the Product checkbox seen here: https://www.screencast.com/t/qLbp0nE6