Answer Posted / shashank pandey

More then one >180 days or <>360 days are called nonmoving
items.

Slow moving report is depending on consumption. Consumed
items from the date of receipt of items consumed with in
>60 to <180 days qty (that qty items we called slow
moving )

fast moving report is depending on consumption. Consumed
items from the date of receipt of items consumed with in
less then 30 days or 60 days (that items we called fast
moving )

*** Normaly each and every company is buying materials on
credit basis from suppliers like 30 to 90 days. this
material we have consume with in the 30-60days of period
other wise there is no use taking credit from supplier

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