Implement an Inventory Aging Report to track the age of stock on hand, providing insights into slow-moving and obsolete inventory for better decision-making.

Here are some useful columns for an Inventory Aging Report :

1. Item Code – Unique identifier for the inventory item.
2. Item Name/Description – Name or short description of the item.
3. Category – Item classification (e.g., electronics, apparel, raw materials).
4. Location/Warehouse – Storage location or warehouse where the item is held.
5. Batch/Lot Number – Identifies specific batches of inventory (if applicable).
6. Stock on Hand – Current quantity available in inventory.
7. Unit of Measure – Measurement unit (e.g., pieces, kg, liters).
8. Purchase Date/Received Date – Date when the stock was acquired.
9. Age Brackets – Breakdown of stock age, such as:
   • 0-30 Days
   • 31-60 Days
   • 61-90 Days
   • 91-180 Days
   • 181+ Days
10. Total Cost – Value of the inventory on hand.
11. Market/Book Value – Current valuation of the stock.
12. Turnover Rate – Frequency at which the item is sold/replenished.
13. Supplier/Vendor – Name of the supplier for tracking procurement details.
14. Reorder Level – Minimum stock quantity before reordering is required.
15. Remarks/Notes – Any relevant comments, such as items nearing expiration.