Definition Of Floor Stock System

Stock management applies to every item a business uses to produce its products or services from raw materials to finished goods.

Definition of floor stock system.

While the use of the term is slightly different in retailing than in manufacturing the core concept is. The jobs on the shop that will use the item still show a requirement as the issue transaction has not taken place. A floor stock system in a hospital involves the storage of pharmaceutical and over the counter drugs where they are needed usually in a nurse s station rather than in a pharmacy as explained on knowledge source. 1 a floor is the lowest acceptable limit as restricted by controlling parties usually involved in the management of corporations.

This extra stock allows a retail business to resupply store shelves and display counters in between reorder deliveries. An interest rate floor is an agreed upon rate in the lower range of rates associated with a floating rate loan product. Floors can be established for a number of factors including. It is the portion of inventory that is generally left in boxes in the back storage area until needed up front for display.

In other words stock management covers every aspect of a business s inventory. Stock management may also be called stock control inventory management or inventory control. Interest rate floors are utilized in derivative. Normally lower dollar value backflushed items.

The mrp system logic is that the quantity of stock on the shops in the floor stock balance which is an inventory balance is added to the store balance before the netting calculation is per formed. Floor stock is different from non stock inventory since it does actually have an sku number and item master record but rather than tracking quantities in the inventory system the materials are expensed as they are received. Inventory on hand that has not yet been loaded onto shelves. Defined by lean affiliates.

Also called back stock.