How to Re-Age Demonstrators to Start Aging from Saleable Stock Date

Many franchises require the stock age of ex-demonstrator vehicles to reset to zero when they are transferred back into saleable stock. This ensures reporting reflects the vehicle’s time as saleable stock rather than its total time in inventory. This guide explains how to update the stock record to achieve this.

Scenario Example

• A vehicle is used as a Demonstrator for 6 months.
• It is then transferred back into saleable stock and sold 1 week later.
• While the total time in inventory is 6 months and 1 week, reporting should show the vehicle as sold after 1 week to reflect its time as saleable stock.

Steps to Re-Age Demonstrators

1. Transfer the Vehicle into Saleable Stock:

   • Complete the process of transferring the vehicle from demonstrator status back into saleable stock.

2. Update the "Date in Stock" Field:

   • Access the Stock Record for the vehicle in your system.
   • Locate the Date in Stock field on the Sales Status tab.
   • Update the date to the day the vehicle was transferred back into saleable stock. Do this by unaccepting it from stock and enter the new date in stock.

3. Save Changes:

   • Save the updated stock record by closing out of it to apply the new "Date in Stock."

Impact on Reporting

• The stock aging count will restart from zero, beginning on the updated Date in Stock.
• Reports will now show the vehicle’s age based on its time in saleable stock, not its total time in inventory.

Key Notes

• Accurate Record-Keeping: Ensure the "Date in Stock" is updated immediately after the transfer to avoid discrepancies.
• Franchise Compliance: This method ensures adherence to franchise requirements for stock aging.
• Transparent Reporting: Reflects the vehicle’s time as saleable stock, providing a clearer picture of sales performance.

Scenarios Where This Process is Useful

• Managing stock aging for ex-demonstrator vehicles.
• Ensuring stock aging aligns with franchise reporting standards.
• Improving reporting accuracy for inventory turnover metrics.