define stock agening analysis .



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Describe stock aging analysis with example .

1 Answer(s)


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Stock Ageing tells you about the age of stocks (i.e. how much time has elapsed since they were bought and kept on the shelves/godown etc). Stock Ageing is basically used to identify slow-running items or expired stock. they tell you which items are winners and which of them are losers. but more importantly they indicate to us that we should analyse the reason why an item is slow by bringing it into our attention. the results of our analysis will then provide corrective action.

probably our supplier is selling us poor quality or defective stuff and many complaints arose because of which item became less popular. probably we didn't spend so much on advertising like in other stock items and that's why the product is a loser. probably we didn't package the product very well and there were multiple cases of the product being damaged in delivery to customer which is why we lost customers. and so on.

the best example of stock ageing is to go into tally erp 9 and see one for yourself and play around with it. Use F12 to configure it use the special report buttons also.
hope that helps. thanks!