Run Aged and Slow-Moving Inventory Markdown Audit — Free

Inspection Setup and Scope

Aged inventory report is current and covers the correct location and date range critical (required)

Verify the report used for the audit matches the store, warehouse, or department being inspected and reflects the intended review period.

Yes No N/A

Turn threshold or aging policy is documented for this audit critical (required)

Confirm the standard used to identify slow-moving or aged SKUs is available and applied consistently.

Yes No N/A

Inspector confirms scope includes all relevant auto parts categories

Select the inventory groups included in the review.

Yes No N/A

Aged Stock and Turn Threshold Review

SKUs exceeding the turn threshold are identified on the report critical (required)

Confirm all items beyond the defined turn threshold are clearly flagged for review.

Yes No N/A

Number of SKUs exceeding threshold

Enter the count of SKUs identified as aged or slow-moving.

Oldest inventory age observed

Record the oldest age in days among reviewed SKUs.

Aged SKUs were physically verified against shelf or bin labels

Confirm the report matches actual inventory locations and labels.

Yes No N/A

Photo evidence (optional)

Inventory condition supports continued sale or requires removal critical (required)

Classify the disposition of the aged inventory based on observed condition and policy.

Markdown Authorization and Pricing Controls

Markdown percentage is within approved policy limits

Record the markdown percentage applied or proposed for aged items.

Markdown approval is documented by authorized manager or system workflow critical (required)

Verify markdowns were approved according to company authority limits and workflow requirements.

Yes No N/A

Original price, markdown price, and effective date are visible on the record

Confirm pricing records show the original price, reduced price, and the date the markdown took effect.

Yes No N/A

Reason for markdown is documented

Select all applicable reasons supporting the markdown decision.

Note (optional)

Storage Condition and Safety Review

Aged inventory is stored in a clean, dry, and organized area critical (required)

Verify affected stock is protected from moisture, contamination, and disorder that could cause damage or mispicks.

Yes No N/A

Aisles and access paths to aged inventory remain unobstructed critical (required)

Confirm storage does not block egress, emergency access, or safe retrieval of inventory.

Yes No N/A

Hazardous or regulated products are segregated and labeled correctly critical (required)

Check that chemicals, aerosols, batteries, or other regulated items are stored according to applicable safety requirements.

Yes No N/A

Damaged, leaking, or expired items are isolated from saleable stock

Ensure non-saleable items are separated to prevent accidental sale or cross-contamination.

Yes No N/A

Photo evidence (optional)

Documentation and Corrective Actions

Exceptions and discrepancies are documented with SKU, quantity, and location critical (required)

Record any mismatch between the aging report and physical inventory, including exact SKU and location details.

Yes No N/A

Corrective action assigned for each failed or exception item

Document the action needed for each deficiency, such as repricing, transfer, return, quarantine, or disposal.

Yes No N/A

Follow-up owner and due date are assigned

Assign responsibility and a due date for completing corrective actions.

Note (optional)

Inspector sign-off completed critical (required)

Inspector confirms the audit findings are accurate and complete.

Get your results

Enter your email — we'll send you a PDF of your filled-out template, plus the occasional MangoScoop newsletter (templates, workflow tips, product updates). Unsubscribe anytime — link is in every email.

Email (required)

Your name (optional)

Run: Aged and Slow-Moving Inventory Markdown Audit

Inspection Setup and Scope

Aged Stock and Turn Threshold Review

Markdown Authorization and Pricing Controls

Storage Condition and Safety Review

Documentation and Corrective Actions

Get your results