These are the inventory and order terms you'll see throughout the LVK App. Several are related to each other, so the definitions reference the terms they depend on.
| Term | Definition |
|---|---|
| Allocated | The count of units you have in stock and owe to customers for open orders. |
| Allow partial | The setting that lets LVK ship the in-stock portion of an order instead of waiting for every item to become available. When a customer orders two products and only one is in stock, allow partial ships the one you have. Request it as an automation rule, or set it on an individual order. Allow partial produces two separate labels and you pay for both. |
| Available | The stock count for a SKU that LVK pushes to your connected sales channels. Available equals On Hand plus any Sell Ahead, minus allocations to open orders. |
| Back Order | The count of units allocated to open orders that have no On Hand inventory to cover them. |
| Barcode or UPC | A Universal Product Code represents data in a visual, machine-readable form. Barcodes encode that data by varying the width and spacing of parallel lines. |
| Bin (Location) | A defined location for organizing SKUs in the warehouse. Inventory can be assigned to a primary location plus additional overstock locations. |
| Hazmat products | Hazmat is short for hazardous materials, meaning substances in quantities or forms that pose a reasonable risk to health, property, or the environment. Hazmat products require proper classification and authorization before LVK can store or ship them. Additionally, LVK does not ship hazmat internationally. |
| Kit | A SKU that contains a collection of other SKUs, which are referenced as components. |
| Name | The readable reference for each product. |
| On Hand | The total count of a sellable SKU physically in the warehouse. Your sales channels display the Available count instead of On Hand. |
| On Order | The total count of a SKU you've ordered from a vendor, also called a supplier. |
| Pending Return | The total count of a SKU marked for return that the warehouse hasn't received yet. |
| Reserve | The count of a SKU you hold back from sale in your sales channels. Example: You're running a flash sale and want to hold stock for returns and exchanges. You enter your full inventory of 100 units as On Hand and set a Reserve of 5. LVK tells the sales channel you have 95 for sale. |
| Sell Ahead | The count of a SKU arriving on a shipping plan that you want to sell before the warehouse receives it. Example: You have 10 On Hand, 0 Allocated, and a shipping plan arriving tomorrow with 100 units. You set a Sell Ahead of 50, and LVK tells the sales channel there are 60 for sale (Available plus Sell Ahead). |
| SKU | Short for Stock Keeping Unit, a unique identification code for each product in your inventory. When a product has no SKU, LVK generates one from the product ID in the sales channel where it exists. |