Terms and Definitions for Inventory Management
0 min
stock item a single unit of stock stock location a place where stock is stored; one place of service (pos) can have more than one stock location; one stock location can be shared by many poss stock delivery recording details about ordered stock items such as order number, supplier, batch/expiry, quantity, and location stock lot a single record of stock items with the same batch number, expiry date and allocated to the same location stock movement recording delivery, movements, consumption, shrinkage, and other changes to stock volume and location stock shrinkage recording change in stock volume and location which are not related to normal consumption such as breakage, theft, loss, expiry, return to sender