Information

Inventory & compliance glossary

A quick reference for common terms used in inventory operations, audits, and compliance reporting.

Audit trail

A recorded history of changes and movements (who did what, when, and why).

A traceable record of who was responsible for an item or asset over time.

A recurring count of a subset of inventory to maintain accuracy.

The difference between expected inventory and what is actually counted.

The process of investigating and resolving variances with documented reasons.

A stock keeping unit—an identifier for a product or item type.

Work in progress—materials or items currently being produced or processed.

Tracking an item individually using a unique serial number.

Single sign-on—centralized authentication for secure access control.