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Inventory · Definition
The unit in which an item is counted, bought, stored or sold.
Unit of measure defines whether an item is handled as a piece, box, carton, pallet, litre or kilogram. Most items need more than one: you buy by the carton, store by the box and sell by the piece.
Conversion factors between units are a classic source of stock errors. Every count, receipt and sale must record which unit was used, or a case of twelve quietly becomes twelve cases.
Also called
See it in AWRA OpsHub
Inventory Management
Inventory runs on this vocabulary every day in AWRA OpsHub — 44 of our 257 glossary terms describe things the platform actually does.