Inventory provision calculator will be useful when...
- You find part of inventory obsolete and do not know how to calculate provision for slow moving inventory;
- You wish to check if the policy of calculation of reserve for slow moving inventory is reasonable;
- You need to calculate a provision for slow moving inventory in a very short time;
- You have to compute provision for obsolete inventory and you have not much more than a stock aging report;
- You wish to check if your computation of inventory provision does not contain material errors;
- You are an auditor looking for a clever tool to audit provision for slow moving inventory or to quickly ensure the provisioning policy is reasonable.
Inventory provision calculator
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