New to NetSuite | Understanding Stock Levels and Stock Level Definitions

For someone who is #NewToNetSuite navigating the complex world of NetSuite inventory management, it is crucial to comprehend stock levels and their definitions in order to maximize operational efficiency and streamline business procedures. In this article, we'll go over the basics of stock levels and define some of the technical terms used in the platform.

What are Stock Levels?

The quantity of products that a business has on hand at any given time is referred to as stock levels, sometimes called inventory levels. In order to keep enough inventory on hand to fulfill orders from customers without overstocking or understocking—which can waste money and warehouse space and result in lost sales opportunities and disgruntled customers—effective stock level management is crucial.