Warehousing

Materials Handling
Materials handling involves the moving, packaging, and storing of raw materials, in-progress inventory, and finished goods within a business, including shipping, receiving, and processing operations.
Physical Distribution
Physical distribution involves the process of moving finished products from the producer to the consumer, including all activities concerned with the efficient movement and storage of goods.
Stock-Out
A stock-out occurs when the inventory of a particular item is depleted, leading to a situation where no stock remains in store available for sale or use.
Stockkeeping Unit (SKU)
A Stockkeeping Unit (SKU) is a unique identifier for each distinct product and service that can be purchased. It helps in tracking inventory and simplifying sales processes.
Stockroom
A stockroom is an area or room where stock of goods, materials, and other supplies are maintained, often used in commercial and industrial settings for inventory management, storage, and organization.
Store Card
A store card is a specific type of card used within a particular store or organization to record and control inventory movements and levels.
Warehousing
The storage of goods in a warehouse or the act of building up a holding of shares in a company prior to making a takeover bid by buying small lots of shares and 'warehousing' them in the name of nominees.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.