Stockout


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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.

stockout

see STOCK CONTROL.
References in periodicals archive ?
Consequently, stockouts create a feeling of dissatisfaction, which can later have a negative effect on the retail's business performance.
Research has also shown that, when faced with stockouts, consumers are less likely to switch to different online retailers if they are satisfied with the product information provided on the focal online retailer's website (Dadzie, Chelariu, and Winston 2005).
We believe health system staffing and zinc stockouts were the key barriers to household implementation of the WHO/UNICEF ORT/ZS protocol observed in this study, rather than sociocultural factors that were the presumptive cause according to upper-level Ministry of Health staff.
Fitzsimons and Duncan Simester, "Measuring and Mitigating the Costs of Stockouts.
Furthermore, the order fulfilment in the dual-channel SCM is usually supported by drop shipping with the advantages of risk pooling to reduce the costs of inventory, transportation and stockout.
To avoid stockout during the screening time, it is assumed that 1 - D/x [greater than or equal to] b; this condition insures that the amount of perfect quality items in a shipment is at least equal to the demand during the screening time.
However, substantial barriers to improving coverage still remain, including national vaccine stockouts, or shortage of supplies.
As healthcare workers we must redouble our efforts and contribute our part to strengthening the health system, whether it's reporting medicine stockouts, corruption or inefficiencies within the system.
The observed quantity levels for each day in a month included: (1) starting inventory, (2) received goods, (3) available inventory, (5) end inventory, and (4) stockout level occurred.
The primary benefit is the reduced risk of unsold products, but at the risk of increased stockout costs associated with limited amounts of finished goods that can be quickly shipped to customers.
If the Beer Game is played a second round where the decision-makers in the system are allowed to talk to one another, the results are typically dramatic improvements in terms of inventory levels and stockouts.
Estimates of stockout rates in retail stores have consistently averaged above 8 percent, the rates reported from Peckham (1963) to Gruen, Corsten and Bharadwaj (2002) are reasonably similar.