Glossary
Inventory management glossary
Definitions for the inventory, counting, replenishment, team, and setup terms used in MyInvy.
C
Count session
A count session is a guided inventory counting workflow for one location or schedule that captures counted quantities and updates inventory when the session is completed.
Category
A category is a label used to group similar inventory items for filtering, reporting, assignment, and easier operational review.
E
F
I
Inventory import
An inventory import loads item, location, supplier, unit, and starting quantity data from a structured file instead of entering each item manually.
Inventory count schedule
An inventory count schedule defines which items should be counted together for a location on selected days or recurring operational routines.
L
Location
A location is a business site, warehouse, department, or operating area where inventory is assigned, counted, replenished, transferred, and permissioned.
Lead time
Lead time is the expected time between placing a replenishment order and having the item available to use at the location that needs it.
Low stock
Low stock means an item has fallen below a configured threshold, usually a reorder point, and should be reviewed for replenishment or transfer.
M
O
Owner role
The owner role is the highest organization role in MyInvy, with access to organization setup, billing, users, inventory configuration, locations, and operational workflows.
On-hand quantity
On-hand quantity is the current quantity of an item available in a location or stocking area before new purchases, transfers, or count updates change it.
P
Par level
Par level is the target on-hand quantity a business wants available after restocking, based on expected demand, lead time, storage space, and service standards.
Pack size
Pack size describes how many base units are included in a case, box, bottle, pack, or other purchasing unit used to count and restock inventory.
R
Reorder point
Reorder point is the inventory quantity that signals when an item should be replenished before normal usage creates a stockout or service interruption.
Replenishment order
A replenishment order is a planned restocking list that tells a team which items to buy or receive to bring low inventory back toward target levels.
S
Stocking area
A stocking area is a specific physical place inside a location where inventory is stored, counted, or used, such as a pantry, bar well, closet, cart, or treatment room.
SKU
A SKU is a stock keeping unit, which is a unique code or identifier used to distinguish one inventory item from another in lists, imports, searches, and reports.
Supplier
A supplier is the vendor, distributor, internal warehouse, or source associated with inventory items that need ordering, replenishment, or purchasing context.
T
Threshold-only count
A threshold-only count asks the counter to confirm whether an item is above a threshold instead of entering an exact quantity unless the item is low.
Transfer
A transfer moves inventory from one location or stocking area to another so the receiving area has stock without a supplier purchase.