An Inventory Management System manages goods and finished products, as well as the warehousing and processing of such items.

A Stock Keeping Unit (SKU) is a distinct type of item for sale, such as a product or service and all attributes associated with the item type that distingui...

The total list of SKUs that includes information for each SKUs such as its price and description.

Stock refers to the total quantities of the SKUs present at a certain physical location or store.

Real-time inventory refers to management system updates which instantly records every sale in every channel you are managing.

In Hand = Available + In Process + On Hold + Damaged + Buffer Definitions: In Hand refers to the total number of all the stocks of a certain SKU in t...

It is the actual usable stock that can be used for order processing. It is the total inventory in the location which is available to be sold. 

It is a stock that might have defects, did not pass the quality check or not in a good condition to use, hence, it cannot be made available to be sold. 

This could be the extra quantities of the products that a company keeps, it acts as a cushion so it always has enough available to sell or use.

Threshold inventory quantity is the minimum amount of inventory a company wants to have on hand. Thanks to advances in computer technology, most companies t...