Inventory Definitions

Inventory Definitions

On Hand/In Stock:

Number of items physically in the warehouse.

On Order:

Number of units currently on purchase orders, but not yet received into the warehouse.


Number of units reserved for open orders, but not yet taken out of stock.


Number of units physically in stock minus the number of units that are reserved for open orders (On Hand - Committed). This is the quantity that is left still to sell.