Rackbeats Inventory Management Glossary

It can be difficult to navigate all the inventory management terms, order handling jargon and product phrases. That's why we have created a glossary where you can get detailed explanations.

Adjustable Warehouse Space Average Inventory Agile Inventory Management Audit Trail ABC Analysis Automation Aging Inventory

Batch Management Batch of Goods Batch Number Batch Picking B2B Batch Tracking BOM (Bill of Materials) Backorder

Centralized Inventory Management Cross-docking Configurable BOM (CBOM) Critical Stock Changelog Capacity Planning Consumption of Goods Cost Prices CRM (Customer Relationship Management) Cloud-based WMS

Dropshipping Inventory Management Demand Analysis Distribution Center Dropshipping Demand Planning Delivery Time

Expected Inventory Engineering BOM (EBOM) Ergonomic Tools Expiration Date Expiry Date Monitoring Export ERP – Enterprise Resource Planning E-commerce Fulfillment

FMCG (Fast Moving Consumer Goods) Freight Management Forklift Financial Inventory Value FIFO – First-in, First-out Financial Management

Global Supply Chain Goods Security Goods Account Card (Product ledger) Goods Receipt

Handheld Scanner Handling Time Holding Inventory

Inbound Shipments Inventory Administration Internal Logistics Item with Inventory Deduction Item Without Inventory Deduction Inventory Adjustment Inventory Replenishment Integrations for an Inventory System Inventory Turnover Inventory Value Inventory Principle: Average Cost Price Inventory Management Integrated Inventory Management Inventory Counting Import Inventory Count Accuracy Item Consumption

JIT – Just-In-Time

Kanban Inventory Management Key Supplier KPI – Key Performance Indicators

Lean Principle 5S Lean Inventory Management Location Management Lead Time Logistics

Multi-location Inventory Management Manufacturing BOM (MBOM) Managing VAT Zones Monthly Inventory Turnover Rate Minimum Inventory Level Materials Handling Main Warehouse

Net Stock

Opening Inventory Omnichannel Order Preparation Overcapacity Overstocking Order Management Outsourcing Open API

Peak Season Preparation POS (Point of Sales) Product Management Product Administration Picking Lists Packing Slip PIM – Product Information Management Performance Put-away Purchase Price Pick and Pack Packing Product Categories Partial Billing

QR-kode Quality Control

RFID Picking Solutions Real-Time Availability Retail RFID Tags Reporting Replenishment Resource Management

Shrinkage Scalable Warehouse Solution Spare Parts Inventory Shipment Control Safety Stock Level Service BOM (SBOM) Shelf Space Sustainable Logistics Serial Numbers Stock Transfer Surplus Inventory Supply Chain Management Supply Chain Scalability Sub-location

Task Management Turnover Rate Third-Party Logistics Provider (3PL) Temperature Control Throughput Tied-Up Capital Traceability Transaction Report

Understocking Upper Inventory Limit Utilization Rate in Inventory

Value-Based Inventory Management Vendor-Managed Inventory (VMI)

Warehouse Capacity Utilization Warehouse Automation Warehouse Hotel Wave Picking Warehouse Space Wilson’s Formula Warehouse Management System – WMS Waste

XML (eXtensible Markup Language)

Year-End Inventory

Zone-based Picking Zone Picking