Stock Keeping Unit (SKU) - is a unique combination of all the components that are assembled into the purchasable item. , Stock out - means running out of the inventory, New Old Stock (NOS) - is a term used in business to refer to merchandise being offered for sale that was manufactured long ago but that has never been used., Buffer/safety stock - (A level of extra stock that is maintained to mitigate risk of stockouts due to uncertainties in supply and demand.), Cycle Stock - (Used in batch processes, it is the available inventory, excluding buffer stock), De coupling - (Buffer stock held between the machines in a single process which serves as a buffer for the next one allowing smooth flow of work instead of waiting the previous or next machine in the same process), Anticipation Stock - (Building up extra stock for periods of increased demand - e.g. ice cream for summer), Pipeline Stock - (Goods still in transit or in the process of distribution - have left the factory but not arrived at the customer yet), Raw Materials - materials and components scheduled for use in making a product, Work in process - materials and components that have begun their transformation to finished goods., Finished goods - goods ready for sale to customers., Goods for resale - returned goods that are salable.,

ESP 1320 Unit2 Vocabulary game

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