Your Go-To Resource for Understanding Supply chain glossaries and key Logistics Terms

A periodic process, typically done yearly, where a business physically counts its entire inventory to verify stock levels and reconcile with recorded inventory data.

Stock that is accumulated in advance of expected peak demand periods, seasonal sales, or known future events to ensure adequate supply and meet customer needs.

Just-in-Time (JIT) inventory is a strategy where businesses seek to reduce inventory costs by receiving goods only when they are required for production or sale. Instead of holding large stocks of raw materials or finished goods, companies use JIT.