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Inventory Management Glossary: Terms & Definitions

The Inventory management glossary gives you an overview of useful terms and definitions related to supply chain management and business practices. Additionally, you’ll find examples, informative resources, and actionable tips for your business.

Whether you’re just getting into Inventory Management for your business or looking for definitions to refresh your memory, this glossary will help you keep track of the most important terms.

The list will get expanded to include more relevant terms in the future, so bookmark this page for reference and look up words whenever you need.

letter A for the inventory management glossary

ASN Document (Advanced Shipment Notice)
Autonomous Robots

letter B for the inventory management glossary

Backorder
Backflush
Bill of Materials
Blind Count
Bonded Warehouse
Brick and Click Store
Blanket Order

letter C for the inventory management glossary

Carrying Costs
Cloud Inventory
Consumer Goods
Cycle Count
Consumable Inventory
Consignment Inventory

letter D for the inventory management glossary

Decoy Pricing
Dock-to-Stock
Decoupling Inventory
Demand Forecasting
Digital Purchase Order

Letter E in the glossary

ERP: Enterprise resource planning

Letter F in the inventory management glossary

Finished Goods
FIFO (First-In-First-Out)

Letter H in the glossary

Holding Cost

Letter I in the glossary

Inventory Management
Inventory Management Software

Letter J in the inventory management glossary

Letter L in the glossary

Landed Cost
LIFO (Last-In-First-Out)
Lights Out Manufacturing
Lean Manufacturing
Lot Νumber
Inventory Audit
List Price Vs Cost Price

Letter M

Multichannel Retail
MRO Inventory Management
MOQ: Minimum Order Quantity

Letter O

On-Hand Inventory
Omnichannel Retail
Order Fulfillment

Letter P

Partial Shipment
Periodic Inventory System
Perpetual Inventory System
Pick and Pack
Product Bundling
Purchase Order
Procurement

Letter Q

Retail

Letter S

Safety Stock
Sales Order
SKU (Stock-Keeping-Unit)
Supply Chain Management
SRP Pricing
Stock Replenishment

Value Chain
Vendor Managed Inventory

Letter W

Warehouse Management
Wave Picking

If you’re looking for help regarding the Megaventory Software, check out our Knowledge Base.

Feel free to request more terms in the comments for the inventory glossary below!

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