Warehousing Terms

Idle Stock

Products that are not consumed within a certain period of time. 

Inbound Logistics

Logistics activities occurring between the suppliers and the company, such as route choice, carriage, vehicle-cargo, follow-up, etc.

Inventory Days

The time-dependent quantitative measurement based on the period in which the stock at hand will be used.

Inventory Turnover

The proportion of sales or waste to the average stock.

Labeling

The labeling (coding) process applied to the product before the product is stored in the storehouse where the product follow-up is made via labeling. 
 

LIFO

The rule generally used in warehousing, stipulating that the material that enters last should go out first.