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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

Backflush
Bill of Materials
Blind Count
Bonded Warehouse

letter C for the inventory management glossary

Carrying Costs

Consumer Goods

letter D for the inventory management glossary

Decoy Pricing
Dock-to-Stock

Letter E in the glossary

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

Letter J in the inventory management glossary

Letter L in the glossary

Landed Cost
LIFO (Last-In-First-Out)
Lights Out Manufacturing

Letter M

Letter O

On-Hand Inventory

Letter P

Partial Shipment
Pick and Pack

Product Bundling

Letter Q

Letter S

Safety Stock
Sales Order
SKU (Stock-Keeping-Unit)

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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