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The influence of seasonal factors on sales and inventory needs. In fashion retail, seasonality dramatically affects buying patterns, inventory turnover, and markdown strategies.

The amount of money a retailer has left for buying inventory in a certain period, after considering planned sales, inventories, and markdowns. It is crucial in fashion retail to prevent overbuying and maintain cash flow.

The process of selecting the range of products that will be offered for sale. In fashion retail, it involves determining the optimal mix of styles, sizes, and colors to meet customer preferences.

Goods that are in the possession of the retailer but remain the property of the supplier until sold. In fashion retail, consignment allows stores to offer a broad assortment without investing upfront in inventory.

The frequency at which a retailer's inventory is sold and replaced over time. High turnover rates in fashion retail can indicate good sales performance and appropriate stock levels.

The process of adding more stock to inventory to support ongoing sales and maintain stock levels. In fashion retail, efficient replenishment ensures that popular items remain available for customers.

The amount of inventory on hand relative to the quantity of sales made. In fashion retail, this ratio can indicate whether a retailer is over or under-stocked.

A metric that measures the amount of inventory sold in a given period versus the quantity initially available. In fashion retail, it helps assess the performance of specific products or categories.

The ideal order quantity a company should purchase to minimize its total costs associated with inventory. In fashion retail, EOQ helps balance ordering costs and holding costs to reduce overall expenses.

A technology used to automatically identify and track tags attached to objects, including inventory items. In fashion retail, RFID tags improve inventory management and accuracy by providing real-time data on stock levels.

Products that have never been sold or used by consumers, often because they are outdated or out of season. In fashion retail, deadstock represents lost revenue and wasted storage space.

Extra inventory kept on hand to prevent stockouts due to unpredictable demand or supply chain uncertainties. In fashion retail, safety stock helps maintain customer service levels during demand spikes.

An order for a product that is temporarily out of stock, allowing customers to purchase the item and receive it once it's available again. In fashion retail, backorders manage customer expectations and retain sales for restocked items.

The loss of inventory due to factors such as theft, damage, or administrative errors. In fashion retail, shrinkage reduction is crucial for protecting profit margins and accurate stock levels.

A unique code that identifies each distinct product and its attributes for inventory tracking. SKUs are vital in fashion retail for managing stock levels and product assortment.

A reduction in the retail price of an item, often to clear out inventory that is not selling at the original price. In fashion retail, markdowns are strategically planned to optimize inventory levels and revenue.

The event of a product being out of stock, which can result in lost sales and customer dissatisfaction. In fashion retail, preventing stockouts is critical for maintaining sales and customer loyalty.

A strategy that integrates all available shopping channels (in-store, online, mobile, etc.) to manage inventory as one unified system. In fashion retail, it allows for seamless customer experiences and efficient stock utilization.

A logistics practice where incoming merchandise is unloaded from suppliers' trucks and directly loaded onto outbound trucks to be delivered to stores, with minimal or no storage in between. In fashion retail, cross-docking can improve inventory turnover and reduce holding costs.