Glossary of key terms

MOQMinimum order quantity is the least volume of product you can order from a supplier or a manufacturer.

SKU – Stock keeping unit is distinct sale item used in the inventory field.

Stock Cover – Amount of time the current supply of goods will last according to planned sales.

Opening Stock – Goods to sell at the beginning of an accounting period.

Closing Stock – Goods unsold at the end of an accounting period.