Glossaria.net

Glossary Logistics / Term

On-Hand Balance

The quantity shown in the inventory records as being physically in stock. On order: The quantity of goods that has yet to arrive at a location or retail store. This includes all open purchase orders including, but not limited to, orders in transit, orders being picked, and orders being processed through customer service.

Permanent link On-Hand Balance - Creation date 2021-12-06


< On-Demand Glossary / Logistics On-Line receiving >