Item Age Composition - Quantity (report)
The Item Age Composition - Quantity report shows on-hand inventory aged by receipt date.
You can configure the report's aging to generate three equal length periods on an ending date. The inventory's age is calculated for each period, as well as before and after the period. The report also shows the total inventory.
The values represent the remaining quantity for open inbound item ledger entries, which are usually a result of purchases, output, or positive adjustments. The posting date for entries determines the bucket their value is in.
To determine the age of inventory by warehouse, you can filter the report by location. You can also filter by item.
Use cases
Inventory and warehouse managers use the report to:
- Review the age of stock in their inventory or warehouse by quantity to identify unused or slow-moving inventory.
- Analyze inventory aging to identify which products are in high demand and they should reorder.
- Monitor inventory aging to ensure that the warehouse isn't storing unused or expired items.
Purchasing managers use the report to:
- Analyze inventory aging to identify which products are in high demand and they should reorder.
- Review the age of stock in their inventory or warehouse by quantity to identify unused or slow-moving inventory.
- Negotiate better pricing with suppliers for slow-moving inventory.
Financial analysts use the report to:
- Monitor inventory aging to ensure that the warehouse isn't storing unused or expired items.
- Calculate inventory turnover ratios and days in inventory to ensure effective inventory management.
Try the report
Try the report here: Item Age Composition - Quantity
Tip
Tip:
If you hold down the CTRL key while you select the report link, the report opens on a new browser tab. In this way, you can stay on the current page while you explore the report on the other browser tab.
See also
Inventory and warehouse report overview
Ad hoc analysis of inventory data
Inventory analytics overview