SKU
Stock Keeping Unit. This is a unique identification code given to each product in your inventory. LVK will generate a SKU if none exists based on the product ID found in the sales channel.
Barcode or UPC
A barcode or UPC (Universal Product Code) is a method of representing data in a visual machine-readable form. Barcodes contain represented data by varying the width and spacing of parallel lines.
Available
The number of available stock for any given SKU that is pushed to any connected sales channel. This is On Hand plus any additional Sell Ahead minus any allocations to open orders.
NOTE: Sell Ahead can be set on a Purchase Order and is frequently used for running pre-orders.
Allocated
Count of how many units you have in stock and owe to customers for open orders.
Back Order
Count of how many units are allocated to orders that do not have On Hand in inventory.
Bin (Location)
Defined location for organizing SKUs in the warehouse.
Kit
An SKU that can contain a collection of other SKUs, referenced as components.
On Hand
The total count of a SKU physically in the warehouse.
NOTE: Available is the count indicated in your sales channels.
On Order The total count of an SKU that has been ordered from a vendor (also referred to as a supplier).
Pending Return The total count of an SKU that is currently marked for return and has not been received.
Sell Ahead
Count of an SKU that is coming in on a Purchase Order that you want to sell on your platform but have not yet received it.
For example: You have 10 On Hand, 0 Allocated and a Purchase Order coming in tomorrow with 100 units. You might set a Sell Ahead of 50 of those units and LVK will notify the sales channel that there are 60 for sale (Available plus Sell Ahead).
Load Balance
We load-balance products for customers who have at least 200 orders a month consistently for 2-3 months. We balance based on the number of orders, the quantity of inventory, and volume.
Hazmat Products
HAZMAT is an abbreviation for “hazardous materials," substances in quantities or forms that may pose a reasonable risk to health, property, or the environment. We should refer to proper mapping and authorization. We don't ship Hazmat products internationally.
Allow Partial
If someone orders two products and there is only 1 in stock at that moment. The customer can choose if we still ship the one we have or if should we wait until all products are in stock. Customers can ask for this to be applied as an automation rule or they can modify it on the order.