Understand inventory: Available, Reserved, Damaged, Days of inventory remaining
Want to understand which steps your inventory goes through? You're in the right place!
- There are three different inventory quantities: Available, Reserved or Damaged.
- And one estimate: Days of inventory remaining
What does that stand for ?
- Available: number of products physically stored at the warehouse and available for sale
💡 The number can be negative: it means there are not enough products at the warehouse to serve all your orders. In this case, orders won't ship until a restocking is done. Meanwhile, you can split fulfillments to send the available items first.
- Reserved: number of products that are assigned to orders that are not shipped yet
💡 Inventory flow example: In your inventory, you have 10 available products and 0 reserved products. An order is created with its fulfillment, containing 1 product: you now have 9 available products and 1 reserved product. The fulfillment gets prepared and handed over to a carrier: the order status switches to shipped and you now have 9 available products and 0 reserved products.
- Damaged: number of damaged products, unavailable for sale due to a defective condition
💡 Several cases are possible: products were received damaged, products were returned damaged by the buyer, products were identified as damaged during a manual regulation at the warehouse, products are close to their expiration date (cosmetics, food).
- Days of inventory remaining: Estimated number of days until the product runs out of stock, based on the average sales per day over the last 30 days and the currently available inventory
💡 Notes:
- If the available quantity is negative, then days of inventory remaining are set to 0
- If no sales were made in the last 30 days, then days of inventory remaining are set to N/A
- If the estimated number of days is higher than one year, the value displayed is +365 days