What is Inventory management?
Also called: Stock
The short answer
Inventory management tracks how many of each product are available, so a store never sells what it cannot ship.
Inventory management, explained
Digital products have unlimited stock; physical goods need counts that update with every order and return.
Questions people ask about Inventory management
What is Inventory management?
Inventory management tracks how many of each product are available, so a store never sells what it cannot ship.
Related terms
A SKU is a unique code a store assigns to each distinct product variant, such as size and colour, to track inventory and orders.
DropshippingDropshipping is a retail model where the store sells products that a supplier stores and ships directly to the customer.
E-commerceE-commerce is buying and selling online: a website that shows products, takes orders and payments, and hands orders to fulfilment.
CheckoutCheckout is the sequence where a shopper enters shipping and payment details and places an order; it is where most online sales are won or lost.
Part of the Web Encyclopedia by Apex Flow Digital. Definitions are general knowledge, kept current, with no invented statistics.