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Components, material, or goods kept at hand to meet seasonal fluctuations in demand or to meet the shortfall caused by erratic production. Also called anticipation inventory, build stock, seasonal inventory, or seasonal stock.

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14y ago

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When do stores have sales?

Stores have sales when they want new inventory but do not have either the space in the store needed or they do not have enough profit for the new inventory. So the answer is for new inventory.


What is inventory personnel?

Inventory personnel is a comprehansive assesment of current human resources for future forecasting


What does open to buy mean?

Open to buy is a method of planning and controlling retail inventory. Calculate your opening inventory balance (in units or dollars), add the in-coming (already ordered) inventory and subtract your projected sales for the period...then compare that number to your desired ending inventory amount...the difference is how much you are open to buy (inventory that should be ordered). So if you start with 100,000 and have 10,000 on order and expect sales to be 40,000 and you want your ending inventory to be 90,000...You are open to buy 20,000 90- (100 + 10 - 40) = 20


Which costs is associated with keeping items in inventory?

Costs associated with keeping items in inventory are:Cost of storage/storage space and security.Loss of income from the money tied up in the inventory were it being put to another useDecay of the items if they're perishable


What is a lockerstock program?

In a nutshell a lockerstock program is non-customer specific inventory. It is items where the inventory held is meant to feed various customers. As opposed to inventory that is built and held specifically to service a particular customer. Lockerstock is built and held to service more than one customer. Combining inventories allows the ability to service various customers from one SKU rather than have inventory for individual customers and various SKUs. In most cases, certain customers will have certain labelling requirements that will prevent them from being part of a lockerstock program, so it is not unusual for companies to have customer specific inventory along with their lockerstock inventory.