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35 Inventory Management Phrases

35 Inventory Management Phrases


Welcome to our guide on inventory management phrases!

If you’re new to the world of inventory management, fret not. We’ve got you covered with 35 essential phrases that will help you navigate this complex yet crucial aspect of business operations.




  1. “Stock levels are critically low”


  1. “We need to replenish our inventory”


  1. “Item out of stock”


  1. “Inventory turnover rate”


  1. “Stock keeping unit (SKU)”


  1. “Lead time for restocking”


  1. “Safety stock level”


  1. “First-in, first-out (FIFO) method”


  1. “Last-in, first-out (LIFO) method”



  1. “Just-in-time (JIT) inventory management”


  1. “Economic order quantity (EOQ)”


  1. “Reorder point”


  1. “Order cycle time”


  1. “Dead stock”


  1. “Slow-moving items”


  1. “Fast-moving items”


  1. “Overstocking”


  1. “Understocking”


  1. “Inventory carrying costs”


  1. “Obsolete inventory”


  1. “Stockout costs”


  1. “ABC classification system”


  1. “Stocktaking/inventory count”


  1. “Shrinkage/loss prevention”



  1. “Inventory accuracy/audit”


  1. “Backorder/backlog management”


  1. “Inventory forecasting”


  1. “Reorder quantity”


  1. “Material requirements planning (MRP)”


  1. “Safety lead time”


  1. “Stock turnover ratio”


  1. “Warehouse management system (WMS)”


  1. “Barcode/RFID scanning”


  1. “Inventory control software”


  1. “Stock optimization”




Now that you have read about 35 inventory management phrases, I hope you have gained a better understanding of the importance and complexity of inventory management. In this ever-evolving business world, having effective strategies for managing inventory is crucial to success.

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