Inventory Aging Report
The report tracks lot-numbered items in NetSuite addressing challenges with manual tracking and enhancing decision-making through accurate aging data.
- SKU :PDNSIAR01
- Last Update :June 2025
- Support for :NetSuite
- Implementation time :2 Business Day
Inventory Aging Report
Automated Inventory Aging with Real-Time Insights
The Automated Inventory Aging Report enhances inventory management by providing an accurate, real-time view of aging stock in NetSuite. By calculating aging based on Goods Receipt Note (GRN) dates, this solution eliminates manual tracking, supports data-driven decision-making, and ensures easy access to daily reports with dynamic filters and export capabilities.
Why You Must Have an Inventory Aging Report Extension for NetSuite?
Here are the salient reasons you should choose Inventory Aging Report
1. Eliminates Manual Tracking - Inventory Aging Report automates the entire tracking process with scheduled tracking
2. Gives Accurate, Real-Time Aging Insights – It calculates aging precisely from GRN dates, providing detailed lot-level visibility for every item in your inventory.
3. Improves Stock Planning & Reduces Dead Inventory – It helps you plan inventory for the lot and serialised items. You can easily and automatically identify problem items.
4. Supports Better Compliance & Audit Readiness – It offers traceable, reliable data with fully automated daily updates.
5. Customizable to Your Business Needs – The reports allows your team to define custom ageing bucketsvbased on your business requirements.
6. Enhances Decision-Making Across Teams – It offers a centralized source of truth for aging data that's accessible to all relevant teams.
Comprehensive Inventory Aging Automation
Automatically determines inventory aging based on Item Receipt dates using FIFO logic, updated and exported daily.
Provides filtering options by Brand, Item, Subsidiary, and Location for tailored insights within the report interface. Also provides export functionality for the filtered data.
The report enables detailed tracking of lot-numbered items, providing full lot-level visibility to support accurate aging calculations and more informed inventory decisions.
Aging buckets are fully configurable, allowing businesses to define their own day ranges based on operational needs.
Do you have businesses that need to correlate inventory aging with valuation metrics? Track aging of your inventory based on the valuation of the items. Essential for accurate financial reporting and cost analysis.
Automatically identifies the inventory items that are moving slowly or not moving at all, based on your defined thresholds. Receive instant alerts about problematic inventory so you can take action before stock becomes obsolete.
Export filtered aging data in multiple formats including CSV, Excel, and PDF, making it easy to share reports with stakeholders, analyze in preferred tools, or archive for compliance purposes.
Setup & Configuration Requirements
- Only available for lot-numbered inventory items.
- Unique lot numbers must be maintained for all stock through transactions to ensure accurate traceability.
- Aging bucket ranges must be configured using the provided custom record setup based on business needs.
- Users require sufficient NetSuite permissions to access reports and export files.
Why Choose Inventory Aging Report?
- Calculates aging precisely from GRN dates
- Ensures traceable, reliable data with automated updates
- Eliminates manual tracking with daily automated reports
- Real-time filters and export options simplify analysis
- Provides clear age-bucket breakdown for decision-making
- Helps identify slow-moving, overstocked, or high-demand items to optimize inventory
- Easily adapts to growing inventory volumes and operational needs
- Comes with an intuitive, user-friendly report interface for easy navigation and filtering
Frequently Asked Questions
Yes, it focuses exclusively on lot-numbered inventory to ensure accurate, traceable ageing data.
Absolutely. A scheduled process runs every night to generate the report and stores the latest data to the desired folder in the File Cabinet.
You can fully configure aging buckets using a custom record with start and end day ranges, tailored to your business requirements.
No, the report tracks aging data from the date of solution implementation onward. However, daily aging snapshots are stored from that point, providing complete historical records moving forward.
Yes, users can apply filters such as Brand, Item, Subsidiary, and Location before exporting the aging report for more focused results.
You can generate reports every night at a scheduled time. The latest data is stored directly to your desired folder in the NetSuite File Cabinet. You can also generate manual reports on demand if needed for specific analysis.
The accuracy of inventory data deepens on three key factors. You should make sure that all the stock is tracked through unique, consistent lot numbers. Proper GRN dating and regular reconciliation can help improve the accuracy of your inventory.