![]() ![]() Discontinued – the products that won’t be manufactured once the current stock finishes.Ready to ship – product quantity available for shipping.Made to order – quantity of products available within a week based on orders received.Not available – products that are unavailable at present.Hand outed – quantity of goods for which there is demand but no ready availability.On hand – the quantity of goods available for sale.This aids in proper stock management, and making sure that you have adequate goods to ship to customers rather than getting stocked out and disappointing them.Ī stock status report includes detailed data on various factors like reorder points, future demand forecasts, and so on, in addition to the stock level at present.ĪLSO READ: Key Steps for Successful Demand Planning What Does the I nventory Stock Status Report Include? The stock status report offers information about the inventory levels for a specific product or for a set of products. It considers the number of days for which a company has sufficient stocks to fulfil consumer demand before running out.Ī simple way to arrive at this figure is to divide the stock units by the average per-day sales volume.ĪLSO READ: A Detailed Guide on Stock Adjustment and Stock Transfer What is the Stock Status Report? ![]() There are several ways to measure the product stock status, but Days in Supply, DoS is the most popular method today. Stock status can be measured in a number of units or monetary terms, or both. ![]() It also helps ensure that there isn’t excess stock to the extent that it blocks a big chunk of your working capital. Stock levels are tracked to make sure that a business has sufficient products in hand to fulfil consumer demand. The main element is about knowing how much stock of a given product is available to sell. Stock status is a report of the stock in hand, what has to be shipped to customers, and what is in transit, to be received. It is an invaluable tool that helps to monitor stock levels and track inventory.ĪLSO READ: Advantages of ERP to Automotive Businesses Stock Status – Definition Stock status in inventory management refers to how much of a product is available for sale.Īdditionally, it tracks which products are low in stock and need to be ordered, and various other things related to stock. However, many businesses use both terms interchangeably – especially when they are not manufacturing. Stock usually refers to the finished products a business has for sale – for example, shirts –, while inventory means both the finished goods and the raw materials required to produce goods – like fabric, thread, buttons, etc. ![]()
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