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Recruiter's Glossary
Industry
Examples:
Kanban
•
Dead stock
•
EOQ
Inventory Management Terms
Understanding these terms will help you better evaluate candidates and communicate with hiring managers
Inventory optimization
Batch control
Min-max levels
Inventory aging
ROP
Kanban
Stock ledger
Lot tracking
EOQ
Obsolescence
Buffer stock
Reorder point
Inventory audit
Stockout
JIT
Consignment stock
Barcode scanning
Holding cost
COGS
Fast-moving inventory
Stock transfer
Inventory valuation
Dead stock
Par levels
Inventory reconciliation
Stock rotation
Serial tracking
BOM
Purchase requisition
Stock adjustment
Safety stock
XYZ analysis
Physical count
MRP
Lead time
Demand forecasting
Shrinkage
Inventory turnover
QR codes
Kit assembly
ABC classification
Inventory write-off
Cycle counting
Periodic inventory
Perpetual inventory
ERP
Slow-moving inventory
VMI
RFID
Carrying cost
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