Industry Terms

Reading Time: < 1 minute Grouping of materials into standard packages.

Reading Time: < 1 minute Cost of each item in the inventory.

Reading Time: < 1 minute Unified commerce is taking the omnichannel experience several steps further by consolidating all various IT systems onto a single platform. E-commerce, m-commerce, order fulfillment, inventory management, customer relationship management (CRM), and other technologies are all combined within that platform. Companies can get rid of internal channels that are working in silos by integrating everything onto […]

Reading Time: < 1 minute Raw materials that are in the process of being transformed into finished products are called unfinished goods. 

Reading Time: < 1 minute A unit is a single product that may be part of a larger package or shipment.