Inventory Glossary

Clear definitions for inventory, warehouse, and supply chain terms — from reorder points to BOMs.

Filters

What to build, and when

stockflow

Material requirements planning (MRP)

GlossaryProduction

What sitting stock really costs

stockflow

Carrying cost

GlossaryCosting

When the shelf hits zero

stockflow

Stockout

GlossaryOperations

Stock that arrives on time

stockflow

Just-in-time inventory

GlossaryProduction

SKU, UPC, and EAN decoded

stockflow

SKU vs UPC vs EAN

GlossaryClassification

Stock still on the shop floor

stockflow

WIP inventory

GlossaryProduction

Stock that stopped moving

stockflow

Dead stock

GlossaryCosting

Profit per dollar of stock

stockflow

GMROI

GlossaryCosting

What to pull, and from where

stockflow

Pick list

GlossaryOperations

Ask before you buy

stockflow

Purchase requisition

GlossaryOperations

The wait you have to plan for

stockflow

Lead time

GlossaryPlanning

The order size that costs less

stockflow

Economic order quantity (EOQ)

GlossaryPlanning

The floor the supplier sets

stockflow

Minimum order quantity (MOQ)

GlossaryCosting

Calculate the buffer, not just define it

stockflow

Safety stock calculator

GlossaryPlanning

When the supplier restocks you

stockflow

Vendor-managed inventory (VMI)

GlossaryOperations

Price on the dock, not the invoice

stockflow

Landed cost

GlossaryCosting

Which unit leaves first

stockflow

FIFO, LIFO & FEFO

GlossaryOperations

Each, case, or pallet

stockflow

Unit of measure (UOM)

GlossaryOperations

Sold, but not on the shelf

stockflow

Backorder

GlossaryOperations

When the count comes up short

stockflow

Inventory shrinkage

GlossaryCosting

Counts that stay current

stockflow

Perpetual inventory system

GlossaryOperations

Small counts, done continuously

stockflow

Cycle counting

GlossaryOperations

The floor you restock to

stockflow

Par level

GlossaryPlanning

A simpler reorder rule

stockflow

Min/max inventory method

GlossaryPlanning

Value and variability together

stockflow

ABC-XYZ analysis

GlossaryClassification

The warehouse closed loop

stockflow

Warehouse management processes

GlossaryRelated

Tools that do not go missing

stockflow

Asset tracking software

GlossaryRelated

Wann nachbestellt wird

stockflow

Meldebestand (Reorder Point): Definition & Formel

GlossaryRelated

SC

From raw material to customer

stockflow

Supply chain

GlossaryClassification