How we can track over stocks ,or slow moving items in stock?

Usually we have a report we can retrieve from the accounting system called stock aging that helps on checking the items movements , this way will enable us to know which items are slow moving and which items are fast moving or overstocked as well. Based on this we can decide what steps to be taken to maintain the healthiest stock ratio that fits the firm business.

By keeping the bin cards and stock cards updated.

 

Also you can generate the reports from the system, but first you need to update all receipts & issues. 

If you are not fortunate or not big enough to have SAP, the best and easiest way is minimum and maximum stock levels.  This controls the over stock situation.  The stock account/card. whichever suits is the best indicator of stock movement.  I have always done weekly percentage stocks as a manager to capture stock movement.  This is a disciplined process to ensure the easy option is not taken and all areas are systimatically check over a given period i.e.1 or2 year cycle.

Also a quick report on most systems will let you know which stock has not moved over a period and is a great indicator (in most instances) that you are holding the wrong asset/goods

Regards

 

Dick Chapman

Stock out report basicaly compare between min quantity required for one patch and the stock per day. so it should be done every day,is there any way to have this result once a month or annauly ? it will help to count number of stock out cases between differant years to measure the improvment.