A system for managing the physical location of inventory within a warehouse or stock compound. Stock items are segregated by issue frequency, size, issue quantity, attractiveness or type and placed in dedicated locations within a warehouse or compound. Locations may be fixed, meaning that the same item is always located in the same location, or random.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.