Inventory Optimizer Terms & Definitions

1. ASIN (Amazon Standard Item Number): Conditional field for tracking Amazon shipments
2. Date of Sale: The date of the purchase
3. Days Units Shipped: Historic sales over a period of time
4. Demand - Supply: Raw number indicating how many units to reorder not taking into account MOQs, safety stock, or lot multiples. Use "recommended qty" or "purchase qty" when reordering.  
5. Description: Text field for the user input item title or description
6. PO Date: The day the purchase order was created.
7. Receive Date: Latest expected arrival date of a purchased item
8. Existing PO Qty: Quantity of an item on existing POs prior to the last forecast
9. EAN (European Article Number): A 13-digit barcoding system, expanding upon the 12-digit Universal Product Code (UPC), designed for enhanced product identification and tracking.
10. FBM (Fulfilled by Merchant): The seller will control the entire storing, packing and shipping process
11. FC (Fulfillment Center): The place that stores, packages, and ships orders to customers
12. FNSKU (Fulfillment Network Stock Keeping Unit): A unique identifier that assigned to each SKU
13. Item Name: The name your items are referred by, typically SKU.
14. Kits: Custom configurations of products sold on Amazon, such as multi-packs and bundles
15. Lead Time: The number of days it takes for the item to become saleable, including any assembly/manufacturing, from the time you place the order
16. Lot Multiple Qty: multiple an item must be ordered from your supplier; case pack qty
17. MOQ: The minimum order quantity your supplier requires you to purchase at a time
18. MTD Units Sold (Month-to-Date Units Sold): The total number of units sold from the beginning of the current month to the present
19. On Hand Qty: The amount of current inventory you have in storage or at a place of sale
20. On Hand Sync: Data sync pulling in current on-hand quantities from your data source; only turn this feature off if your data source has inaccurate information or is not up to date
21. Open Qty: Outstanding units on a purchase order; units that have not been received
22. Open Sales Order Qty: The unfulfilled quantity from backorders or future sales orders
23. Order Interval: The preferred number of days between placing purchase orders.
24. Order Qty: Total units ordered
25. POs (Purchase Orders): The orders that are placed from suppliers
26. Projected OOS Date: The date the item will be out of stock if not restocked beforehand
27. Projected Sales: Prediction of future sales within your sales horizon (lead time + order interval) 
28. Purchase as: Input the item name you purchased it from your supplier if it is ordered under a different name than you sell it as. 
29. Sales Order Qty: The fulfilled quantity
30. Service Level: safety stock level; is a percentage that represents the expected probability of not hitting a stock-out. It represents a trade-off between the cost of inventory and the cost of stock-outs.
31. SKU (Stock Keeping Unit): A unique identifier assigned to a specific product or item
32. Tag: User-defined field to help filter items; for example, save tags as item colors or sizes
33. Target Order Value: The target that the seller sets for each supplier
34. Warehouse Qty: The amount of current inventory you have in a place of storage and not yet saleable
35. UPC (The Universal Product Code): The standardized barcode system that allows stores to track inventory and sales
36. YTD Units Sold (Year-to-Date Units Sold): The total number of units sold from the beginning of the current year up until the present day

If you have additional questions, contact our support team at Inventory Optimizer Support.

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