Glossary

Overview

Definitions of the inventory terms used across O2M.

Terms

• ABC / XYZ: classes by sales value (A highest) and by steadiness of demand (X steadiest).
• Available: units free to sell; what channels are fed from.
• Backorder: units an order is owed that no warehouse could supply yet.
• Bundle: a set sold as one product, stored as its components.
• Channel location: a place a channel holds stock, such as a Shopify location.
• Cycle count: counting part of the warehouse regularly instead of all at once.
• Days of cover: how many days available stock lasts at the current rate of sale.
• FEFO: first expired, first out.
• Held for orders: units promised to an order still in the warehouse.
• Kit: a product assembled ahead of time that holds its own stock.
• Lot: a batch of an item with its own manufacturing and expiry dates.
• On hand: all units physically in a warehouse, in any state.
• Reorder point: the stock level at which O2M suggests buying more.
• Ring-fence: units of an item in a warehouse kept for one channel only.
• Safety stock: units kept back from a channel or kept as a buffer.
• Stock ledger: the list of every stock change.