What is Stock Ageing Analysis and How Does it Help in Reducing Cost?
What is Stock Ageing Analysis? The most critical facets of every business model are storage or inventory. In order to curtail the losses that will occur from stale stock, it is imperative to control their movement and shelf life. Stale inventory also tends to being redundant, and would obviously ultimately depreciate its value. Excessive stock holding, with the fear of not providing optimal goods to market to buyers, comes with its drawbacks. The more things you’ve got, the more space you need. It also costs to do more inventory control and audits, potentially requiring additional manpower to work the warehouse. Stock aging analysis would thus help companies store only the appropriate quantity of inventory, removing