Inventory Management Terms

noun a list of items to be checked or consulted

adjective pertaining to or being a checklist

• Before starting the project, make sure to review the checklist to ensure all tasks are accounted for.
• Hey, don't forget to go over the checklist before we get started.
• Yo, we gotta run through the checklist real quick before we dive in.
• Using a checklist is like having a map to guide you through the project.

noun a lack of compatibility or similarity between two or more facts or pieces of information

• The accountant noticed a discrepancy in the company's financial records.
• There seems to be a discrepancy between what he said and what actually happened.
• I can't believe there's a discrepancy in the test scores, that's so messed up.
• The artist intentionally created a discrepancy between the colors in the painting to evoke a sense of unease.

noun a supply of something available for use when needed

adjective readily available or easily accessible

• Our company always ensures we have enough inventory on hand to meet customer demand.
• I always keep some snacks on hand in case I get hungry during the day.
• I'll have my phone on hand in case you need to reach me.
• She always has a witty comeback on hand for any situation.

noun the act of putting things in a particular sequence or arrangement

verb to give a command or instruction for something to be made, supplied, or delivered

• The process of ordering supplies for the office is done through our online procurement system.
• I'm ordering pizza for dinner tonight, want anything?
• I'm thinking of ordering some takeout, you in?
• Ordering our thoughts and priorities can help us stay focused and organized.

noun the act of stealing small amounts or items

verb to steal (typically small items) in a casual way

• The employee was caught pilfering office supplies from the supply closet.
• I heard that someone has been pilfering snacks from the break room.
• I can't believe she's still pilfering money from her parents.
• The politician was accused of pilfering votes during the election.

verb to place something in a designated location for storage or safekeeping

• Please remember to put away your books after you finish studying.
• Don't forget to put away your toys before going to bed.
• Hey, can you put away those snacks before someone eats them all?
• It's time to put away our differences and work together as a team.

verb to exhaust the supply of something

adverb in a manner that exhausts the supply of something

• The company will run out of inventory if we don't order more supplies soon.
• I forgot to buy milk, so we might run out soon.
• If we keep partying like this, we're gonna run out of beer real quick.
• His patience is running out after waiting for hours.

verb to place or arrange on a shelf

• The librarian decided to shelve the new books in the reference section.
• I'll just shelve these magazines here for now.
• Let's shelve the discussion about the party for now.
• I had to shelve my plans for a vacation due to unexpected expenses.

noun the amount by which something becomes smaller or less

• The company experienced a significant shrinkage in profits due to economic downturn.
• I heard there was some shrinkage in the budget for our project.
• I can't believe the shrinkage in the number of attendees at the party.
• His confidence seemed to experience shrinkage after the criticism he received.

verb A verb is a word that expresses an action, occurrence, or state of being. In this case, 'stored' is a past tense verb indicating that something was placed or kept for future use.

• The data is securely stored in our cloud server.
• I just stored all my photos in that folder.
• I stored my snacks in my secret stash.
• She stored all her memories in a special place in her heart.

noun a room or space used for storing items or supplies

• The supplies are kept organized in the storeroom for easy access.
• I'll grab some snacks from the storeroom before we head out.
• Let's sneak into the storeroom and grab some extra supplies.
• Her mind was like a cluttered storeroom, full of memories waiting to be sorted through.

noun a large bag or container used for carrying items

verb to calculate or total up a sum of numbers or items

• Please remember to tote up all the expenses before submitting your reimbursement request.
• Don't forget to tote up how much we spent on groceries this month.
• I'll tote up how much cash I have left after this shopping spree.
• She began to tote up all the reasons why she should quit her job.

adjective describing something that has not been put in a specific order or arrangement

• The unarranged documents made it difficult to find the necessary information.
• I can't find anything in this unarranged mess of papers.
• The unarranged party turned into chaos real quick.
• His thoughts were unarranged, like a jumbled puzzle waiting to be solved.

adjective a word that describes or gives more information about a noun, such as 'unfilled' which means not filled or completed

• The position remained unfilled for several months due to a lack of qualified candidates.
• I noticed the unfilled spot on the shelf where the books are supposed to go.
• I can't believe you left your plate unfilled after dinner!
• Her heart felt unfilled despite having everything she thought she wanted.

adjective describing a condition of not being arranged or organized in any particular order

• The unsorted data needs to be organized before analysis can begin.
• I have a pile of unsorted papers on my desk that I need to go through.
• I can't find anything in this unsorted mess!
• Her thoughts were like unsorted puzzle pieces, waiting to be put together.

noun a situation in which a product is not currently available for immediate delivery but can be ordered for future delivery

• The product is currently on back order and will be shipped as soon as it becomes available.
• Sorry, but your item is on back order so it might take a little longer to arrive.
• They ran out of stock so my order got put on back order.
• His patience was on back order as he waited for her to make up her mind.

noun a written or printed statement giving advice or guidance

• The advice note provided detailed instructions on how to properly maintain the equipment.
• I left you an advice note on the fridge about feeding the cat while I'm away.
• I scribbled a quick advice note for you on a sticky note by the door.
• Her actions were like an advice note, guiding him towards making better decisions.