Inventory management definitions and inventory terms beginning with the letter F
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fashion inventory software
Fashion inventory software is software designed specifically for manufacturers, wholesalers, importers, and distributors of clothing, jewelry, accessories, and footwear.
FEFO is an acronym for First Ended, First Out or First Expired, First Out.
Field service refers to service staff and outside technicians that work outside the office or in the field.
field service billing
Field service billing tracks billable and non-billable time and materials for services, enabling service tickets to be billed separately or combined on a single invoice.
field service management software
Field service management software is software designed to manage scheduling, communications, billing and customer service associated with a field service operation.
field service scheduling
Field service scheduling provides graphical viewing and scheduling of service activities.
field service scheduling software
Field service scheduling software tracks and invoices time and materials for services.
FIFO is an acronym for First In, First Out and refers to using or selling the oldest inventory first and/or as an inventory valuation method.
The fill rate is the percentage of sales orders that can be filled with the inventory or stock on hand.
Financial adjustments correct inventory records to match actual inventory levels.
Finished goods are goods that have completed manufacturing and are available for sale.
fixed lead time
Fixed lead time is a lead time generally associated with manufacturing that does not vary because of quantity changes.
fixed location storage
With fixed location storage, specific locations are assigned to inventory items.
fixed position scanner
A fixed position scanner is a barcode scanner or reader that is installed in a fixed position and the barcode is read by passing the label over the reader.
Flat-fee shipping is a type of shipping charges where the customer is billed one shipping fee regardless of the size or weight of the order.
In manufacturing, floor stock is inventory stored on the production floor, not allocated to specific orders, to be used as needed during the manufacturing process.
Follow-up reminders are a type of automatic alert associated with any activity, issue, follow-up, event or project.
food distribution software
Food distribution software is software designed specifically to address the needs of the food distribution industry.
food inventory software
Food inventory software is software for the food industry providing inventory and business management, lot number traceability, sales management, tiered pricing, importing and catch weight.
A food-grade warehouse is a warehouse for storing food, food additives and other food related items adhering to industry standards for safety and sanitation.
footwear inventory software
Footwear inventory software is software designed specifically for manufacturers, wholesalers, importers, and distributors of footwear.
A forecast is a prediction of future demand based on past history and known market changes.
A forecast adjustment is a change of course, such as a reduction in product produced, based on changing conditions.
To forecast demand, the use of decision support tools such as demand reports, enable buying trend analysis to better predict future buying and production needs.
A forecast error is normally the result of forecasting without sufficient decision support tools or a change in buying trends and/or market conditions.
A forecast horizon is the period of time for which a forecast is prepared.
Forecasted turnover is a prediction of the number of times a product is turned over or sold in a specific period.
Forecasting is predicting the future demand based on past history and known market changes.
Fulfillment, also called order fulfillment or picking and shipping, is the process of filling a sales order by picking the order contents, preparing packages for shipping and shipping the package.
furniture inventory software
Furniture inventory software is software designed for furniture and home furnishing companies to manage inventory, purchasing, order management, eCommerce, EDI and other business functions.