Novastock.com > Stocktaking glossary

Inventory Glossary

Administration : French public administrations regroup the State, local authorities and social security funds. With public companies, they form the public sphere.

Supply: Is a technique or method to deliver goods, or service to a third party.

Workshop: In industry, the workshop is, in a factory, the space devoted to manufacturing.

Inventory Audit: Analysis of business processes and inventory management of their applications by the teams. Analysis of the functioning of existing security systems and the rules of monitoring theft.

Tagging: placing a tracking device


Order: Document submitted by the buyer to a supplier for an order to materialize. It is a legal and financial commitment to the institution or community.

Delivery note: Document SD used for the treatment of a delivery of goods or services to a client.

Tourist shop: Shop selling souvenirs to tourists.

Chain stores: This is a collection of stores that share the same corporate signature and a centralized management system that deals with, among others, marketing and procurement.

Barcode: This is the representation of a given numeric or alphanumeric form of a symbol consisting of bars and spaces whose thickness varies according to the symbology and data and coded. There are thousands of different barcodes, they are intended for automated reading by an electronic sensor, the barcode reader. For printing bar codes, the most used technologies are laser printing and heat transfer.

Corner: A corner is a space dedicated to a specific sales mark in a department store

WAC: Weighted Average Unit Cost

Known Shrink: the known shrink consists of goods that are no longer in stock for reasons identified and recorded in the shrink book. This maybe  for example breakage during handling, which is reported to the manager.
Shrink: The shrink is the percentage of sales of a store or warehouse that is the cost of goods stolen, missing. Shrinkage often comes from customers, employees, suppliers.

Warehouse: Location that stores objects or goods.

FIFO / LIFO: The method of last in first out is to calculate the value of consumption assuming that the last batch will come out first.

Packaging: Packaging is an object intended to contain and protect goods, to allow handling and transportation from producer to consumer or user, and to ensure their presentation.

Warehouse: Location for storing goods.

Label: Small square or rectangle of paper, more or less strong, and with an indication that you put an object to indicate what is its nature, what it costs, where it comes from, where it must be worn , etc..

Immobilization: Properties of some value that a company purchases or produces for itself in order to be used long term. There are several types of immobilization. (the tangible, intangible and financial).

Automotive Industry: The automotive industry concerns both specialized equipment that manufacturers passenger cars, recreational vehicles, or vehicles and body shops. This program incorporates  the whole industry, including engines and mechanical upstream, since they are primarily for motor vehicles.
The automotive industry closely combines integrated producers, designers, assemblers, contractors and subcontractors, and providers of planning services for motor vehicles.

Industry: Industry is all human-oriented mass production of goods.

Institution:  Private education.

Inventory: State of a person's property, an enterprise or community. An evaluation of company assets.

Remote Inventory: Inventory carried by the store or warehouse with a hotline assistance.

Turnkey inventory: This inventory is a fully realized by the company, staff and equipment are provided by the company conducting the inventory.

Closing Down Inventory: This is an inventory conducted during the closing or the redesign of a store or warehouse.

Fixed asset inventory: An inventory of immobilization allows to accurately identify the condition of assets, standardize information and to process data seamlessly.

Comprehensive Assessment: This is a full checking of stocks of a site. The physical inventory is necessary to know the inventory or check in comparison with a theoretical stock and thus identify deviations.

Inventory Partnership: This is an inventory conducted by the company inventory specialist and team store or warehouse.

Partial inventory: This is a verification of stocks which consists of a physical inventory by sector or family (warehouse, shop, factory or ...) and an update of the sample tested. (locate your shrink (link to locate your shrink)

Pharmaceutical company: a laboratory conducting research for the development of new drugs.

Barcode reader: is a device for reading information stored in the form of bar codes using a laser. It is also called a scanner in the case of its use in shops and inventories, for example.

Library: Trade whose primary role is selling books. There are different types of outlets of the book: new bookstore (generalist or specialist), library of old books and used, newsagents, bookshops, libraries, bookstores ...

Rental Hotline: inventory equipment rental and telephone support.

Rental In situ (Carry in Latin): inventory equipment rental and on-site assistance from an inventory professional.


Store: A trade establishment more or less considerable, which sells certain goods, in bulk or in detail.


Home Improvement and decoration stores: Home Improvement stores are specialists in DIY. They are part of specialized distribution and can extend their range to decoration.

Toy Store: specialized trade in toys.

Independent store: a form of trade consists of outlets operated by individual traders or legal independent entities.
Commodity: A commodity is a product of human activity, to be exchanged through the purchase and sale.


Datalogic Memor: The Datalogic Memor ™ is the new Datalogic handheld device equipped with the Windows operating system. Extremely compact, lightweight and robust, it includes both a data collection system and a wireless communication system (IEEE 802.15 Bluetooth or IEEE 802.11b / g).

NIFO: This method consists of evaluating the outputs against their replacement values​​. To value the outputs and existing stocks, the benchmark will, for example, the price of the last bill, the course of the day ...

Opticon PHL 2700: The PHL2700 is a handheld code bar laser terminal, this terminal is the best equipped of its range. In effect, this laptop integrates a scanner (100 scan / sec), a large LCD backlit, alphanumeric keypad and 8 megabytes of memory.

Pack Event: equipment  rental to control the flow of people at an event.

Perfumery: Place which sells perfume.

People ID control: Flow control of people and know their identities to improve marketing.

LIFO / FIFO: The first-in first out mathod based on a sequential and chronological consumption of lots placed in storage areas. The first batch entered will be consumed first.

Pharmacy: Officine where drugs are dispensed and   where they are kept for sale or distribution.

Finished products: A finished product is the result of industrial processing of a natural resource of raw material, its extraction, and a number of transformations (intermediate or semi-finished products) to produce a result desired by the designer, made ​​by the producer in order to meet the known or anticpated needs of customers.
Semi-finished products: refers to industrial products that have undergone transformations but must undergo further before marketing.
Scanning (bar codes): Scan by barcode parallel lines.

Medical and hospital sector: the case of hospitals and the medical community.

Textile industry: The textile industry embraces a multitude of businesses throughout a processing chain starting from raw fiber materials to semi-finished or fully manufactured. It has its own economy.

Stock: All things held in reserve.

Real Stock: Stock + physical purchase orders being delivered - customer orders in progress (to be delivered).

Theoretical stock: Stock based on sales and known shrink, not taking into account unknown shrink.

Supermarket and hypermarket: A supermarket is a retail offering, self-service, food and consumer products.


contact content

Stocktaking partnership, what is it?

Stocktaing managed in partnership with your store or warehouse teams.

Find out more

Why rent equipment for stocktaking?

If you wish to manage your stocktaking yourself, cut your costs, complete and optimize your stock of scanners and benefit from reliable and efficient equipment .

Find out more