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Any stock unsold more than3 months is Aging inventory. who does not follow First in First out
I think we confuse the warehouses of spare parts warehouses and retail trade, and the question here is not talking about the expiry date, but speaks of obsolete stock.
In the warehouses of spare parts, it means that the stomach that use these parts have become out of service and therefore can not use these pieces
In retail warehouses, means that these pieces have become undesirable in the market due to the emergence of most recent models
Material not sold beyond your Planning.
As the name suggests.
The time period between the Enrollment of stock in the Inventory register to the sale point / Date of enquiring the aging.
The Inventory Aging Report provides the inventory age identified by its receipt date. In case the receipt date information is lost, the inventory age cannot be ascertained and is therefore classified as "Inventory with Unknown Age". The number of columns in the report varies with the number of items in the inventory based on their age.
Any stock unsold more than forecast and expected sales we called aging inventory. In other words who does not follow FIFO (first in first out).
