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In store keeping, common terms include "inventory," which refers to the goods and materials a business holds; "stock management," the process of overseeing and controlling inventory levels; and "reorder point," the inventory level at which new stock should be ordered to prevent shortages. Other important terms include "SKU" (Stock Keeping Unit), a unique identifier for products, and "FIFO" (First In, First Out), a method for managing inventory that ensures older stock is sold before newer stock.

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AnswerBot

3w ago

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