Clear dead stock
Dead stock management that shows where cash is sitting on the shelf
See every item that has not moved, with its value, division by division. Use it, return it or sell it, and stop buying more.
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What is dead stock management?
Dead stock management means finding items not issued in months, valuing them, and acting: use them instead of new purchases, return or sell them, and fix reorder levels so they stop piling up.
Money you cannot see
Walk through the back of any factory store and you will find it: spares for a machine replaced years ago, consumables bought in bulk for a discount, material ordered twice because nobody checked the shelf.
The register counts it as stock, but it is cash tied up on a shelf, and it often gets bought again because nobody knows it is there.
Why dead stock builds up
No one sees it. In a register, a line idle for a year looks like one that moved yesterday.
Buying without checking. Indents raised without live stock reorder what is already on the shelf.
Buying in round numbers. Ordering 100 for a discount fills the store with months of a rarely used item.
Production changes. A machine is replaced, and its spares stay behind.
Spread across units. One plant's surplus is another plant's purchase.
How IndustryPrime brings it into view
Every movement on record
Every goods receipt, material issue, transfer and adjustment runs through IndustryPrime, so it knows when each item last moved. The store ledger keeps itself.
Dead and slow-moving stock reports
Items that have not moved, or move rarely, with quantity and value, by division or for the whole group. Read what counts as dead stock.
Check the shelf before you buy
When an indent is raised, the team sees stock across units. Stock transfer lets one plant use another's surplus within the same company instead of placing a new order.
Clean exits, and no next pile
Scrap management records what leaves, so stock values stay right. Set minimum and maximum levels and use suggested order quantities, so you buy what you will use.
Where to start
The first report is only as good as the stock you load. Most plants do a physical count at go-live and load it from Excel. From then on, the report builds itself.
Dead stock is often the other side of material consumption.
How it works
Clear dead stock, step by step
- 1
Every movement is recorded
Receipts, issues, transfers and adjustments are captured, so each item's last movement is known.
- 2
See dead and slow movers with their value
Reports list items that have not moved, with quantity and value, by division.
- 3
Stop buying what you already have
Live stock shows when an indent is raised, so purchase checks the shelf first.
- 4
Decide and act
Use surplus instead of buying, transfer it to another unit of the same company, or scrap it.
Visibility across procurement, stock and consumption
“IndustryPrime is a very effective stores and inventory planning software that provides clear and transparent visibility across procurement, stock and consumption. We now have a much better understanding of what we're buying, how it's being used, and where things stand at any point in time. It has helped strengthen our processes, bring more discipline into day-to-day operations, and improve trust across teams.”
FAQs
Frequently asked questions
When does an item count as dead stock?
Each business sets its own rule, but a common one is no issue for 12 months. Slow-moving stock is typically items used only a few times in the same period.
Is the dead stock report extra?
No, it's included. Dead stock and slow-moving stock reports come in the one plan, with every other feature.
Can I see dead stock for each plant or division separately?
Yes. Reports can be viewed division by division, and across all units together, so you can move surplus from one plant to another of the same company.
How do I get rid of dead stock once I find it?
Check whether it can replace an upcoming purchase, transfer it to another unit of the same company, return it to the vendor where possible, or sell it as surplus or scrap. Scrap management is built in.
How do I stop dead stock building up again?
Review min and max levels for the items that turned dead, and use suggested order quantities instead of round-number orders. The monthly report shows whether it is working.
Keep exploring
- GlossaryDead stockDead stock is inventory that has not been issued or used for a long period, commonly 12 months or more, and is unlikely to be used soon. Slow-moving stock is used, but rarely. Both tie up cash, take store space and often end up as scrap.
- SolutionControl consumptionCost-centre usage and abnormal-use flags.
- GlossaryStore ledgerA store ledger is the running record of every receipt and issue of an item, with the balance quantity and value after each transaction. It is kept item by item and shows how much of each item you hold and what it is worth at any time.
- GuideThe Inventory-to-Profit Connection: 10 Steps Every Factory NeedsTen steps to stop money leaking out of a factory store, from replacing paper registers to rating your vendors.
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