Vocab One
Items in inventory available for distribution.
Stock
Computerized system that tracks receipt, issue, sales, stock levels, vendors, customers and other related inventory information.
Inventory Management System
A list of items you are delivering
Packing Slip
CS
case
PLT
Pallet
The inventory level at which you will place an order to replenish stock levels.
Re-order Point
A product label that may be scanned with a laser scanner. This automatically populates data fields in a computerized system.
Bar code
A delivery company that ships packages to businesses and residences.
UPS-United Parcel Service
DZ
Dozen
PR
Pair
The ___ ___ is the counting of all inventory items to verify stock quantity.
Inventory Count or Physical Count
Minimum quantity that a vendor will sell and ship.
Minimum Order Quanity
A delivery company that ships packages to businesses and residential
FedEx- Federal Express
EA
Each
RM
Ream
Date stamped on packaging indicated a time after which the item will be of reduced or unusable quality.
Expiration date
Fee charged by a vendor to cover the expenses related to shipping an item to the customer.
Shipping/Freight Cost
Post office-U.S. mail service
USPS-United States Postal Service
FT
Foot
ST
Set
Placing new items in the rear and pulling older items forward on the shelf so that older items will be used first.
Stock Rotation
A list of items to be pulled or picked from an inventory to deliver to a customer.
Pick List
Measures that are put into place to help avoid loss, theft or mistakes
PK
Pack
BOX
Boxes