📦 General Stock
Term | Explanation |
Stock | The actual physical quantity of goods currently in stock. |
Available | The amount of stock that is free for sale or production (not reserved). Stock - Reserved |
Reserved | Quantity that has been reserved for customer orders, production, or projects. |
Ordered | Quantity that has been ordered from suppliers but not yet received. |
Net Available | Stock + Ordered – Reserved . The usable stock amount. |
Purchase deadline | The last date to place the order to receive it before planned production start |
🔄 Dynamic and Planned
Term | Explanation |
Incoming | Items currently on the way to the warehouse (incoming deliveries). |
Outgoing | Items that are picked or packed and ready for dispatch. |
Safety Stock | The minimum stock level kept as a buffer to avoid running out. |
Reorder Point | The stock level that triggers a new purchase or production order. |
📊 Related Inventory Management
Term | Explanation |
Maximum Stock Level | The upper threshold for how much stock should be held. |
Average Inventory | The average quantity of stock over a specific time period. |
Inventory Turnover Rate | The rate at which stock is sold or used within a defined period. |
Lead time | Number of Delivery days |
Buffer Time – Purchase | An additional number of days added to the lead time to accommodate uncertainty, potential delays, or unexpected events. This buffer provides extra time to complete the purchasing on schedule. |
Quantity per Location | The quantity of an item stored in a specific warehouse location or shelf. |