A "last status update" column in the low & high circulation weeding report results would help identify items for weeding or stock rotation.

Why would this field help us weed or identify items for stock rotation?
This item field identifies the last date an item changed their status. Many libraries change an item's status to "in transit" when they move an item from one branch to another. To that end, this field could help identify items that have either newly been received to a branch, or have sat on the shelf for some time.

Items moving around systems with stock rotation workflows do not have a checkin or checkout date to help staff weed or request items from other branches.