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 ?
Descriptive statistics were performed to determine inventory status (good, sufficient, threatened, stockout) for the overall sample, as well as at the district and facility levels.
A recent study found that the likelihood that a consumer would switch retail stores more than doubled from the first stockout to the third stockout (ECR Europe and RolandBerger Strategy Consultants 2003).
Due to the reference effect, we consider two kinds of losses, namely, (i) the clearance loss (caused by overproduction) and (ii) the stockout loss (caused by underproduction).
Consequently, stockouts create a feeling of dissatisfaction, which can later have a negative effect on the retail's business performance.
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.
These studies vary considerably in other aspects of the problem, such as inventory policies used, cost components considered, nature of demands during stockout, and the solution methodology.
To make the situation more challenging, in addition to the target stockout risk consideration, in the healthcare apparel centre's inventory control problem, there is a capacity constraint.
Fitzsimons and Duncan Simester, "Measuring and Mitigating the Costs of Stockouts." Management Science, Vol.
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. On the other hand, He et al.
The large proportion of countries experiencing district level stockouts as a result of a national level stockout provides evidence that shortage of vaccines at the national level can affect the supply chain and interrupt immunization services.
This concern is reflected in both component stockouts and lack of cash flow coming from high investments due to high inventory value.
Manufacturer's (n) confront holding, setup, ordering and stockout as well as purchasing and production costs.