Are you struggling to manage your inventory effectively? One of the most common challenges in inventory management is dealing with aging stock. Products that sit on the shelves for too long tie up valuable resources and can ultimately hurt your bottom line. That’s where our new “Aged Stock” reports come in.
Our “Aged Stock” reports analyze our inventory data and provide valuable insights on which products are aging and how long they’ve been in stock. We offer three versions of the report: by product, by product variant, and by the vendor. Each report includes data on aged days, current stock on hand, and the last received date.
Using these reports, you can quickly identify which products contribute most to your aged stock and where you should focus your attention. For example, our “Aged Stock by Product” report provides a high-level view of your inventory, showing which products are aging and how many days they’ve been in stock. This report helps identify which products contribute most to your aged stock and where you should focus your attention.
Our “Aged Stock by Product Variant” report takes a more granular approach, analyzing inventory at the variant level. This report shows how long each variant has been in stock, how many units you have on hand, and when you last received stock for each variant. With this information, you can make data-driven decisions on which variants to order more of and which ones to discontinue.
The “Aged Stock by Vendor” report provides insights into how your vendors perform in aged stock. This report shows which vendors provide you with the most aged stock and how long it’s been in your inventory. You can use this information to negotiate better terms with your vendors and improve your overall inventory management.
Using these reports, you can improve your inventory management and bottom line. You can identify areas where you need to focus your attention, such as products aging too quickly or vendors providing too much-aged stock. With this information, you can make data-driven decisions that will help you optimize your inventory and improve your profitability.
In conclusion, if you’re struggling with inventory management, our “Aged Stock” reports can provide valuable insights that can help you optimize your inventory and improve your bottom line. We believe these reports will be extremely helpful in managing your inventory, so give them a try and let us know what you think.