Reference
Inventory management glossary
Clear definitions of essential inventory management concepts, with research-backed explanations and how Stocklyst applies each one.
Safety Stock
Safety stock is extra inventory held to protect against variability in demand and supply lead times.
Read full definition →Reorder Point
The reorder point is the inventory level at which a new purchase order should be placed to replenish stock before it runs out.
Read full definition →SKU (Stock Keeping Unit)
A SKU is a unique alphanumeric identifier assigned to each distinct product in an inventory system.
Read full definition →Lead Time
Lead time is the total duration between placing a purchase order with a supplier and receiving the goods into inventory.
Read full definition →Demand Classification
Demand classification is the process of categorizing items based on their demand patterns to select appropriate forecasting and inventory management methods.
Read full definition →Zone-Based Inventory Tracking
Zone-based tracking is an inventory management approach where each physical location is subdivided into zones representing specific storage areas.
Read full definition →Min/Max Inventory
Min/max inventory is a replenishment method where stock is reordered when quantity drops below a minimum threshold and ordered up to a maximum level.
Read full definition →Economic Order Quantity (EOQ)
Economic Order Quantity is the optimal order size that minimizes the total cost of ordering and holding inventory.
Read full definition →See these concepts in action
Stocklyst applies research-backed formulas to calculate safety stock, reorder points, and min/max levels automatically for every item at every branch.