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