Net Storage Area
Net storage area is the space in the warehouse (in square feet or meters) that is actually used for storage. This does not include aisles, docks, offices and staging areas.
Net storage area is the space in the warehouse (in square feet or meters) that is actually used for storage. This does not include aisles, docks, offices and staging areas.
Narrow aisle, or NA, is a specialized lift trucks designed to be used in narrow aisles of 8 to 10 feet.
Just-in-time, or JIT, is an inventory system that aims to coordinate the arrival of materials or supplies at a facility at the moment that they are needed in an effort to reduce storage and holding costs.
Inventory turn, also known as “stock turns” or “inventory turnover,” is a measure of the efficiency with which a company manages its inventory. It represents the number of times a company sells and replaces its stock of goods during a given period, usually a year. The higher the inventory turns, the more efficiently a company is using its inventory to meet customer demand. Inventory turn can be calculated by dividing the cost of goods sold (COGS) by the average inventory value during the same period.
An inventory management system, or IMS, is a software application or set of tools that enable organizations to manage and track their inventory levels, sales, purchases, and other supply chain processes.
Inventory management is the process of tracking and controlling the flow of goods, products, and materials within a supply chain.