Inventory management definitions and inventory terms beginning with the letter M
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made on demand
The made on demand capability, also called Kitting, enables companies to sell products as a single unit that are composed of multiple components by collecting or kitting them when shipped.
made to stock
Assemblies, or made to stock inventory, create a new product, with the components used depleted from inventory and the new product added to the finished goods inventory.
manufacturers’ part numbers
A manufacturer’s part number is a unique number assigned by the manufacturer to each of their items.
Manufacturing is the process of making finished goods from raw materials.
manufacturing inventory control
Manufacturing inventory control is the process of maintaining the right amount of inventory within a manufacturing operation to maximize sales without oversupply.
manufacturing inventory software
Manufacturing inventory software, also called manufacturing inventory management software, is software designed to improve inventory control within a manufacturing operation by tracking and managing inventory items.
Manufacturing software is software for manufacturers to manage inventory and business management that includes bill of materials capabilities, batch processing, workflow management, EDI, drop shipping, and consignment inventory.
Marketing lists are used to manage prospect and customer marketing communication materials.
master production schedule
A master production schedule is a manufacturing plan to forecast product demand that outlines the anticipated production, staffing and inventory requirements.
material requirements planning
Material requirements planning is an inventory control and planning methodology used to manage the manufacturing process.
Matrix inventory simplifies defining, creating, and tracking of matrix inventory groups through the use of attributes such as color, size, style or pattern variations.
maximum stock quantity
A maximum stock quantity is the highest quantity of a product inventory that can be held before an alert is triggered within the system.
meat distribution software
Meat distribution software is software for meat distributors to improve operations, comply with regulatory requirements, and further growth.
medical inventory software
Medical inventory software, also called medical distribution software, is software with key features critical to medical equipment & supply manufacturing and distribution businesses.
medical supply software
Medical supply software is software for medical supply wholesalers, distributors, and online retailers to improve inventory and business operations.
metal distribution software
Metal distribution software is software for metal distributors to streamline operations, manage resources, and accelerate profits and growth.
minimum order quantity
The minimum order quantity is the minimum quantity that can be ordered at one time.
minimum stock quantity
The minimum stock quantity, also called reorder point, is the lowest quantity of product inventory that can be held before a reorder alert is triggered within the system.
Min-max is the minimum and maximum inventory levels designated per product in an inventory system.
A mobile computer is a portable computer, enabling users outside of an office access to software solutions to simplify and automate everyday field workforce activities and tasks.
Mobile computing, is the use of a small, lightweight computer that extends access and capabilities to warehouse and field environments.
mobile inventory management
Mobile inventory management provides remote employees access to the inventory management system enabling tasks such as route delivery and outside sales orders.
mobile inventory receiving
Mobile inventory receiving enables items to be received into inventory via a wireless device.
mobile inventory software
Mobile inventory software is software designed to provide an outside workforce access to an inventory system.
Mobile picking is the picking of products from a mobile handheld computer with barcode reader with no printed paperwork required.
mobile sales orders
Mobile sales orders are wireless sales orders created by sales teams in real-time, from the customer location, tradeshow booth or showroom floor.
multiple ship-to addresses
Multiple ship-to addresses can be created for each customer and can be associated with one order.
multiple units of measure
Multiple units of measure allows a primary and single alternate unit of measure to be used for each product in the inventory.
Multiple warehouses functionality allows for inventory to be configured and organized across multiple, actual or virtual, warehouses.