Obsolete / Inactive Items/ Inventory Report

When we have an item that we no longer need to purchase, we go to the product, under the purchasing tab and change the status from active to inactive. We also change the status on the sales tab when the product is obsolete and we can no longer sell it. Is there way to get a report that shows all the products that we have with the status of inactive? If not, how does everyone else manage their aged/obsolete inventory in SAP by Design?

thanks

Kari