Shipping Terms
Commonly Used Terms
Click on the term below and get an explanationUnderstand what the shipping terms means
Allocated Item
In an MRP system, an item for which a picking order has been released to the stockroom but not yet sent from the stockroom. In other words, it refers to the amount of inventory existing in the warehouse but which is already allocated for release.
Simply Allocated Inventory is equal to Actual inventory minus the non-allocated inventory.
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