Glossary
Quick definitions of the terms you'll see across Stockwik.
| Term | Meaning |
|---|---|
| On hand | The physical units actually in a location. |
| Committed | Units reserved for unfulfilled customer orders (they'll ship out). |
| Available | On hand − committed. The units free to sell — what all reorder math uses. |
| Incoming | Units on open purchase orders, expected to arrive. |
| Velocity (blended) | Your average weekly sales, weighted so recent sales count more. |
| Velocity (peak) | Sales rate during a product's busiest sustained stretch; used for seasonal items. |
| Daily sales | Blended weekly velocity ÷ 7 — the figure used in reorder calculations. |
| Days of stock | Available ÷ daily sales — how long current stock lasts at the current pace. |
| Reorder point (minimum) | The stock level at which to place a new order. |
| Order-up-to (maximum) | The level reorders refill up to. |
| Days of cover | How many days of stock you want to hold; sets the maximum. |
| Safety stock | Buffer days on top of lead time; built into the reorder point. |
| Lead time | Days a supplier takes to deliver after you order (set per supplier). |
| Buy option | One way to purchase a product from a supplier (pack type, cost, MOQ). |
| Units per pack | How many sellable units are in one purchase pack (e.g. 24 for a case of 24). |
| MOQ | Minimum order quantity — the smallest number of packs a supplier accepts. |
| Primary buy option | The default buy option used for reorder suggestions (one per product). |
| ABC class | A revenue-based ranking of products: A (top earners), B, C (long tail). |
| Seasonal | A product whose peak sales are noticeably higher than its everyday rate. |
| Stockout risk | Will run out before a new order could arrive, even if ordered today. |
| Dead stock | In-stock products that aren't selling. |
| Overstock | Products held above their target maximum. |
| Shrinkage | Inventory lost to damage, theft, or error — surfaced by cycle counts. |
| Workspace | Your Stockwik account, linked to one Shopify store. |