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Buffer Stock, also known as safety stock, refers to the additional amount of inventory stored by a company to anticipate uncertainties in demand, lead time, or supply disruptions.

Document management is a systematic process of managing documents, starting from creation, storage, distribution, and disposal according to the document lifecycle.

Goods Receipt (GR) is the process of receiving goods originating from suppliers, internal production, or other units within the company.

Cold storage, or cold storage facilities, are a type of storage area within a warehouse used to store inventory that requires low temperatures to remain fresh, last longer, or avoid damage.

Inventory control (inventory management) is a series of planning, management, and monitoring processes for inventory within a company’s warehouse to ensure optimal availability.

Capacity planning is the process of determining the capacity of resources needed to meet future product or service demand.

Excess Inventory is a condition in which the amount of inventory exceeds demand requirements, sales projections, or the storage capacity set by the company.

Warehouse staff are responsible for warehouse operations, requiring technical and physical skills and an understanding of WMS for work efficiency.

Companies need to know the various types of methods used to manage stock. Here are the definitions and workings of the 4 stock management methods:

It is important for companies to choose and use a Warehouse Management System (WMS) with a variety of features offered. Here are 5 recommended WMS options for businesses.