Stockout

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Stockout

Running out of inventory.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

stockout

see STOCK CONTROL.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
However, because she did not capture and report the shortage, no stock-out had officially occurred.
While requiring a significant capital outlay, automation in the pharmacy and of medicine cabinets on patient floors can greatly improve stock-out rates, be linked to bar coding to ensure that the right drug is getting to the right patient, and generally give pharmacy directors better control over utilization, says Thomas Smith, senior pharmacy consultant for technology vendor McKesson, which has a substantial pharmacy automation division.
1 Determining the optimum order size for SH Ltd Order size (units) 1,000 1,500 2,000 Number of orders required per year 30 20 15 Average stock holding (units) 500 750 1,000 Stock ordering cost ([pounds sterling]) 9,000 6,000 4,500 Stock holding cost ([pounds sterling]) 5,000 7,500 10,000 Total annual stock cost ([pounds sterling]) 14,000 13,500 14,500 2 Probabilities of a stock-out at SH Ltd Base stock (units) 200 400 600 Stock-outs per year 0 0.05 0.55 0.70 2 0.20 0.30 0.25 4 0.75 0.15 0.05 Specimen calculation to determine the estimated annual stock-out cost of holding a base stock of 200 units: [pounds sterling]1,000 x [(0 x 0.05) + (2 x 0.20) + (4 x 0.75)] = [pounds sterling]3,400.
The direct benefit is that customer service levels are improved because there are fewer stock-outs. In a stock-out situation, one of two things occurs.
Some of the LGUs may have encountered a stock-out and this causes problems for mothers who should have access but did not get the family planning commodities,' Tayag said.
Time for a 'Third Wave' of Malaria Activism to Tackle the Drug Stock-out Crisis.
Most facilities reported stock-out of the hexavalent (DTaP-IPV-Hib-HBV) vaccine.
To now assist the Department of Health, we are implementing an SMS stock-out line for healthcare workers to report drug shortages.
Health-e News received stock-out reports from doctors, nurses and pharmacists in all provinces except the Northern Cape and Northwest (although this does not mean there are no shortages).
Stock-out rates are now less than a third of what they were previously.
In September and October last year the TAC and Section 27, under the umbrella of the Stop Stock Outs coalition, released the results of a nationwide telephonic survey showing that one in five facilities (459 of 2 139 or 21%) reported a stock-out or shortage in the preceding three months.