TO CREATE A STOCK AGING REPORT-(LOGISTICS REPORT)

A Stock Aging Report is a financial document that helps businesses analyze their inventory levels over time. It provides insights into how long items have been in stock, categorizing them based on the age of inventory. This report typically segments inventory into age brackets (e.g., 0-30 days, 31-60 days, etc.), allowing businesses to identify slow-moving or obsolete stock. Key benefits of a Stock Aging Report include:Inventory Management: Helps in making informed decisions about stock replenishment and reduction.Cash Flow Optimization: Identifies items that may need to be discounted or promoted to free up cash.Operational Efficiency: Assists in reducing holding costs and improving storage space utilization.Demand Forecasting: Aids in understanding sales patterns and adjusting purchasing strategies accordingly. Overall, it’s a valuable tool for effective inventory control and financial planning.

User Access

Who Can Access

Pothys admin
Head cashier
Sales Manager
manager

What User Can Do

View Reports
Stock Aging Report

Pre-Requisite Activities

Movement Date
Brand
Product code
Product Design,Color
Product Name.

Business Rules

Stock Aging Report is essential for effective inventory management. Age Categorization – Classify inventory into age categories (e.g., 0-30 days, 31-60 days, 61-90 days, 91+ days).Use the date of receipt or the last sale date to determine age.
Thresholds for Action – Define thresholds for each age category that trigger specific actions (e.g., discounts for items over 60 days old, discontinuation for items over 90 days).Review and adjust thresholds periodically based on sales trends and seasonal factors.
Reporting Frequency – Generate the Stock Aging Report on a regular schedule (e.g., weekly, monthly). – Ensure that the report is reviewed by relevant stakeholders (e.g., inventory managers, sales teams) during regular meetings.
Inventory Valuation – Include valuation metrics (e.g., cost, retail price) for each age category to assess potential loss. – Use FIFO (First-In-First-Out) method for valuation when necessary.
Data Accuracy – Ensure that inventory data is updated in real-time to provide accurate aging assessments.Regularly audit inventory records to identify discrepancies.
Exceptions Handling – Establish rules for handling exceptions, such as damaged goods or items on hold (e.g., awaiting clearance).Include processes for items that are frequently returned or have special selling conditions.
User Roles and Access – Define user roles for who can access and modify the Stock Aging Report. Ensure that sensitive information is protected and that users have appropriate permissions.