An inventory aging report is a useful tool to track and analyze the age of their inventory. It provides a snapshot of how long inventory items have been in stock, helping to identify slow-moving or obsolete items that may require attention. The report categorizes inventory items based on their age, typically in predefined time intervals such as 30, 60, 90, and 120+ days.

The inventory aging report will display the following information for each item:

1.Item Details: This includes the SKU, description, and other identifying information for the inventory item.

2.Quantity on Hand: The report shows the current quantity of each item in stock.

3.Cost: It includes the cost of each item, allowing businesses to evaluate the financial impact of aging inventory.

4.Age: The report categorizes each item into age brackets, indicating the number of days since the item was received or last sold.

By analyzing the inventory aging report, we can gain valuable insights into their inventory management. And can identify items that have been sitting in stock for an extended period and take appropriate actions to prevent overstocking or obsolescence