How to Calculate Inventory Age: Degradable, Perishable, Slow-moving Products

Learning how to calculate the age of inventory will enhance your knowledge of inventory management. How do you calculate inventory age? How old is too old for inventory? What can you do with old inventory? What is a good rule of thumb for how old inventory can be?

This video shows how to calculate inventory age in Excel and provides a downloadable Excel spreadsheet for the calculation.

If you carry perishable or degradable inventory or just need to track how long each inventory item has been sitting on your shelf, this calculation method can determine your inventory age.
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Downloadable inventory age spreadsheet: https://www.numericalinsights.com/sto...
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Useful Links:
Video to create your own safety stock and reorder point template
Part 1 of 2:    • PART 2 of 2: Calculating Demand Level...  
Part 2 of 2:    • PART 2 of 2: Calculating Demand Level...  
Purchase the online template to calculate safety stock and reorder points:
https://www.numericalinsights.com/sto...

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Music Credit: Spring by Ikson   / ikson  
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