Deadstock

Definition:
Deadstock refers to inventory items that have not been sold or moved for a defined period and are considered inactive. In Ramsys, identifying deadstock is essential for effective stock management, reducing holding costs, and improving cash flow.

Criteria for Deadstock:
By default, an item is considered deadstock if it has not been sold or transferred within a set number of days. This threshold is defined in the system by the Deadstock Threshold in the system settings.

Example: If Deadstock Threshold = 180, items not sold in the last 180 days are flagged as deadstock.

Both last sold date and transaction history are considered.

System Handling:

Flagging Deadstock:  Ramsys automatically flags deadstock items in the stock table when the criteria are met.

Historical Tracking:  For reporting and audit purposes, total deadstock quantities are recorded daily.

Reporting Deadstock:  Users can generate reports to review deadstock items across locations, categories, or suppliers.

Actions on Deadstock:

Review and Clearance: Deadstock items should be reviewed regularly. Possible actions include:

Discounted promotions

Return to supplier (if applicable)

Internal use or write-off

Automated Process:
Ramsys runs scheduled jobs to automatically update deadstock status and maintain historical records, ensuring management has up-to-date insights into slow-moving inventory.

Notes:

Deadstock parameters are configurable per company, the default is 180days.

Adjusting the threshold will immediately affect the deadstock flagging.