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* This ad will expire on: June 11 2020 (ID: 1196-62329)











Updated on:

05 Jun 2020 - 08:20:15

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13 hours ago

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Inventory management terms Barcode scanner Physical devices used to check-in and check-out stock items at in-house fulfillment centers and third-party warehouses. Bundles Groups of products that are sold as a single product: selling a camera, lens, and bag as one SKU. Cost of goods sold (COGS) Direct costs associated with production along with the costs of storing those goods. Deadstock Items that have never been sold to or used by a customer (typically because it s outdated in some way). Decoupling inventory Also known as safety stock or decoupling stock; refers to inventory that s set aside as a safety net to mitigate the risk of a complete halt in production if one or more components are unavailable. Economic order quantity (EOQ) EOQ refers to how much you should reorder, taking into account demand and your inventory holding costs. Holding costs Also known as carrying costs; the costs your business incurs to store and hold stock in a warehouse until it s sold to the customer. Landed costs These are the costs of shipping, storing, import fees, duties, taxes and other expenses associated with transporting and buying inventory. Lead time The time it takes a supplier to deliver goods after an order is placed along with the timeframe for a business reordering needs. Order fulfillment The complete lifecycle of an order from the point of sale to pick-and-pack to shipping to customer delivery. Order management Backend or back office mechanisms that govern receiving orders, processing payments, as well as fulfillment, tracking and communicating with customers. Purchase order (PO) Commercial document (B2B) between a supplier and a buyer that outlines types, quantities, and agreed prices for products or services. Pipeline inventory Any inventory that is in the pipel

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