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.
Committed:
Number of Units physically still in the warehouse, but currently on an order for shipment.
Available:
Number of Units available for sale (On Hand less Committed).
Number of Items physically in the warehouse
On Order:
Number of Units currently on Purchase Orders but not yet received into the warehouse.
Committed:
Number of Units physically still in the warehouse, but currently on an order for shipment.
Available:
Number of Units available for sale (On Hand less Committed).