Other specialty parts vendors then market these NOS parts that may either decline or increase in value depending on their type and desirability. Automobile dealers and parts companies often sell such slow-moving stock at a discount. The average age of inventory represents the average number of days that pass before a company sells its inventory balance. Īnother definition of NOS is new original stock, meaning that they are original equipment parts that remained in inventory for a use that never came. It is a metric that analysts use to determine the. For example, owners of classic, vintage, and antique vehicles seek NOS parts that are needed to keep their bicycles, automobiles, motorcycles, or trucks operational, or in factory-original condition. The average age of inventory is the average number of days it takes for a firm to sell off inventory. There is no consensus on how old a product must be to be NOS, and some people reserve an NOS label only for products that are actually discontinued.Īlthough not an officially recognized accounting term, it is in common use in the auction and retail industries. Four databases (Medline, CINAHL, AgeLine and PsycInfo) were searched with relevant keywords (Aging OR Ageing OR Elderly OR Older OR Seniors AND Community. One question, regarding the workaround, do we have receiving. Such merchandise may not be manufactured anymore, and the new old stock may represent the only current source of a particular item. They want to run inventory aging to check every item how old in stock to do promotions. Retailers track aging inventory because once an item has reached its threshold and remains unsold (i.e. New old stock ( NOS), or old stock for short, refers to aged stock of merchandise that was never sold to a customer and still new in original packaging. Aging inventory is a term for goods that haven’t sold quickly or haven't sold for their suggested retail price. Old stock of merchandise that was never sold to a customer, but still new in original packaging
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