Ageing analysis helps to monitor stock and identify slow-moving inventory that is not converting. It is imperative to track the movement and shelf life of stock to curb the losses which would be a result of dead stock. Ageing stocks can be analysed by setting the interval days.
Ageing analysis allows you to understand the duration of how long your products spend in inventory and compare performance against industry benchmarks.
How does ageing bracket work?
The ageing periods are constructed on a factor of 30 or 90 days based on the selected interval.
The “as at” date can be adjusted accordingly.
This means the ageing periods are:
- 0 – 30: all items with an age ranging from 0 to 30 days
- 31 – 60: all items with an age ranging from 31 to 60 days
- 61 – 90: all items with an age ranging from 61 to 90 days
- 91 – 120: all items with an age ranging from 91 to 120 days
What do the colour shades define?
The colour shades on the ageing analysis indicate the number of products in a particular ageing bracket. The darker the shade, the higher the SKU count within the bracket. A healthy ageing stock will range from darker to lighter colour shades as it indicates there is an increase of new-in products as aged stocks are being sold.
You can click into each bracket to identify what products are inside.