Inventory management definitions and inventory terms beginning with the letter S
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safety lead time
Safety lead time is the process of placing a replenishment order with buffer time included to accommodate for unexpected customer orders or problems.
Safety stock is a level of inventory reserved as a buffer for problems with vendor shipments, unexpected customer orders or damaged goods.
sales and inventory software
Sales and inventory software manages the inventory, purchasing, sales orders, order fulfillment and other business functions for a company.
sales cycle management
Sales cycle management is the management of the sales process from prospect to implementation.
sales force automation
Sales force automation, or SFA, is a part of CRM and incorporates tools to automate sales and sales force management functions.
sales force automation software
Sales force automation software is software designed to automate the sales process, including lead acquisition and lead flow throughout the sales organization.
sales lead management
Sales lead management, also called sales opportunity management, automates and tracks lead acquisition, lead assignment, the lead qualification process and lead flow.
sales lead qualification
Sales lead qualification is a business process to determine if a lead is ready, willing and able to complete a purchase.
A sales order is a customer order and can include products, service fees, shipping fees, handling charges or any other chargeable item or activity.
sales order management
Sales order management is the process to manage pre-sales activities, quotes, sales orders, post-sales activities and back office operations.
Sales probability is part of a sales process methodology that predicts the probability of winning in company-defined increments.
The sales process is a systematic approach to selling a product or service.
sales process methodology
Sales process methodology is the series of pre-defined steps from lead to sales order.
A sales quote is a proposal provided to a prospect outlining costs and terms for the proposed sales order.
seafood distribution software
Seafood distribution software is designed to help seafood distributors lower costs, comply with regulations, track and sell by catch weight, and manage food safety.
Seasonality, or seasonal demand, is the fluctuation in demand for products based on the time of year.
The selling price is the price for which the item is sold.
A serial number is a unique number assigned by a manufacturer to identify a specific item.
serial number tracking
Serial number tracking is the ability to track and trace serial numbers back to suppliers, through outsourcers or to customers by lot or batch.
Service billing tracks billable and non-billable time and materials for services, enabling services to be billed separately or combined on a single invoice.
Service history is a complete historical record of customer service requests, communication, orders, and other associated history.
The service level measures the performance level of a service delivered to customers.
Service management is the ability to organize, track and invoice for service business operations including field service management and professional services management.
service management software
Service management software is software designed to handle service management and scheduling and the tracking of billable and non-billable time and materials.
A service order is an order for new service, a change in existing service, or an order to discontinue service.
Service scheduling provides graphical viewing and scheduling of service activities.
Shipment tracking is the ability to track package and shipments.
Shipping refers to the commercial transporting of packages.
Shipping accuracy refers to the level of accuracy achieved with the orders shipped.
Shipping fees are the cost-based or flat fee shipping fees that may be added to the invoice.
shipping handling fees
Shipping handling fees are the shipping fees and additional handling fees intended to cover the labor and package expense associated with shipping an item.
Shipping integration refers to the software integration with FedEx, UPS, USPS, ShipRush & DHL to provide order & address information and to collect package information.
The shipping workstation is shipping software integrated with FedEx, UPS, USPS, ShipRush or DHL to track shipments online.
shopping cart abandonment
Shopping cart abandonment, also known as purchase abandonment, is the uniquely online scenario involving potential customer visiting a web store places several items into their virutal cart and suddenly abandon the site before purchasing.
Shrinkage, also called inventory shortage or breakage, refers to inventory that is lost, missing or broken.
simple inventory control
Simple inventory control is process of easily maintaining the right amount of inventory to maximize sales without oversupply.
simple inventory software
Simple inventory software is software designed to control the inventory and business management functions of a company that is easy to use and understand.
simple inventory system
A simple inventory control system is an easy to use system for maximizing inventory control by integrating inventory management, warehousing, purchasing and other business management activities across the company.
A skid is a wood or plastic pallet or platform for holding inventory.
A SKU, or stock keeping unit, is a number or code used to identify products.
Slotting, also called inventory slotting, is the practice of identifying the most efficient placement for each item in a warehouse.
slow moving inventory
Slow moving inventory are inventoried items that have had very little customer demand over a given time period.
small business inventory
Small business inventory is the inventory or stock owned by a small business.
small business inventory management
Small business inventory management combines the use of inventory management software, personnel and procedures to maintain inventory control for small businesses.
small business inventory software
Small business inventory software, also called small business inventory control software, provides an integrated system for small businesses to maintain inventory control & business management.
software for distributor
Software for distributors is specialized software designed for distribution businesses to manage acquisition, distribution, multiple location warehousing activities, CRM, purchasing, sales order management and decision support.
software for inventory
Software for inventory is software designed to improve inventory control by tracking and managing inventory items more efficiently and accurately.
software for inventory control
Software for inventory control is software for maximizing inventory control by integrating inventory management, warehousing, purchasing and other business management activities across the company.
software for warehouse management
Software for warehouse management, also called software for warehousing, allows for inventory to be configured and organized across multiple, actual or virtual, warehouses.
software inventory systems
Software inventory systems, also called software inventory programs, are designed to maximize inventory control by maintaining the right amount of inventory to maximize sales without oversupply.
spare parts inventory software
Spare parts inventory software helps spare parts distributors manage inventory, fulfillment, serial numbers, and other business operations effectively.
A special order is an order for a product that is not a normal part of a business’ purchase ordering process.
Spend analysis is the process of reviewing and analyzing historical spending in an effort to reduce procurement costs and improve vendor management.
Sporadic demand, also called intermittent demand, refers to products that have irregular and infrequent purchasing or demand patterns.
Sports equipment inventory software
Sports equipment inventory software is software designed for sporting goods companies that includes matrix inventory management, lot and serial numbers and other inventory and distribution management capabilities.
Standard cost is an inventory valuation method where all inventory on hand is valued at the standard cost established for the product.
stock control software
Stock control software provides the system for businesses to maintain inventory and stock control.
stock control system
A stock control system is system for maximizing stock control by integrating inventory management, warehousing, purchasing and other business management activities across the company.
stock inventory management
Stock inventory management combines the use of stock and inventory management software, personnel and procedures to maintain stock inventory control.
stock inventory software
Stock inventory software is software designed to improve stock inventory control by tracking and managing stock inventory items more efficiently and accurately.
stock inventory system
A stock inventory system is system for maximizing stock inventory control by integrating stock inventory management, warehousing, purchasing and other business management activities across the company.
stock keeping unit
A stock keeping unit, or SKU, is a number or code used to identify products.
stock management software
Stock management software is software designed to control the stock, inventory and business management functions of a company.
stock management system
A stock management system unites stock control procedures, inventory software and management oversight to create a system to effectively manage stock for a business.
Stocktaking software is software designed to facilitate the process of auditing or counting existing inventory in stock to ensure correct stock quantities.
A supplier is a vendor of raw materials, products or services.
Supplier management, also called vendor management, refers to the use of vendor pricing and performance data to improve spend decision making, resulting in more cost effective vendor management.
supply chain inventory management
Supply chain inventory management combines the use of inventory management software, personnel and procedures to maintain inventory control throughout the supply chain.
supply chain management software
Supply chain management software is software designed to manage the supply chain and business management functions of a company.
supply chain management solution
A supply chain management solution integrates the purchasing, inventory, warehousing, manufacturing and functions of a business.
supply chain software
Supply chain software is software that includes a robust set of business management tools, including purchasing, inventory, warehousing, manufacturing and decision support tools.
Sustainability is a focus and conscious effort to ensure that the resources used today don’t negatively compromise those of future generations.
system for inventory
A system for inventory is a system for maximizing inventory control by integrating inventory management, warehousing, purchasing and other business management activities across the company.
system inventory software
System inventory software is software designed to improve inventory control by tracking and managing inventory items more efficiently and accurately.