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Stockout

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
Stockout
Running out of inventory.

Stockout
Informal; a situation in which a company sells its entire inventory. A stockout may occur, for example, when there is a delay in a scheduled delivery of new inventory, but the term usually refers to situations where demand exceeds supply, causing the company to run out of inventory earlier than expected.


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Although extensive literature has documented that the use of BSIT results in improved performance, such as reduced shipment errors, higher inventory turnover and reduced stockouts (e.
While there were as many as seven or eight out-of-stock occurrences a month some years back, the Springfield representative now does a physical inventory monthly, and stockouts have become a thing of the past.
Higher levels of customer satisfaction imply shorter production runs to quickly adapt to changes in the marketplace, smaller shipments moved via expensive forms of transportation, and even the storage of inventory close to the final user to guard against stockouts.
 
 
 
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