Definition Of Floor Stock System

Defined by lean affiliates.

Definition of floor stock system.

A floor stock system in a hospital involves the storage of pharmaceutical and over the counter drugs where they are needed usually in a nurse s station rather than in a pharmacy as explained on knowledge source. Inventory on hand that has not yet been loaded onto shelves. Floors can be established for a number of factors including. Stock management may also be called stock control inventory management or inventory control.

The jobs on the shop that will use the item still show a requirement as the issue transaction has not taken place. Interest rate floors are utilized in derivative. Stock management applies to every item a business uses to produce its products or services from raw materials to finished goods. Also called back stock.

An interest rate floor is an agreed upon rate in the lower range of rates associated with a floating rate loan product. In other words stock management covers every aspect of a business s inventory. While the use of the term is slightly different in retailing than in manufacturing the core concept is. This extra stock allows a retail business to resupply store shelves and display counters in between reorder deliveries.

1 a floor is the lowest acceptable limit as restricted by controlling parties usually involved in the management of corporations. Why is stock management important. Normally lower dollar value backflushed items. Floor stock is different from non stock inventory since it does actually have an sku number and item master record but rather than tracking quantities in the inventory system the materials are expensed as they are received.

Also known as back stock in some settings floor stock is a term used to identify inventory items that are used to replenish stock that is maintained on a store floor or in a designated area within a plant facility for use by employees without the need to make use of a requisition form.