Transfers

The moving of inventory. This is usually between locations.

Cycle counts

Cycle counting is the process of verifying the on-hand quantity of a specific number of stock products.

Batch-based functionality (all items one venue, all items all venues, transfers, etc.)

A batch is one session of “counting,” usually with TallyMan module. A batch can be counted over multiple days (for example, if the whole process can’t be done in a single day).

On-hand

The system count (provided by the Retail module).

Count

The actual scan count (provided by TallyMan module).

Tracking items

Retail items that are always the same (items are not available in different sizes or colors, etc.)

Matrix Items

Retail items that are the same generically (shirt, shorts, jacket) but each one is different based on size, color or some other attribute. A matrix template itemizes all possible attributes and combinations.

Vendor

Supplier that sells an item to a retail business. A markup is then added by the retail business to the cost charged by the vendor.

Purchase Order (PO)

An order to purchase items from a vendor.

Adjustments

A correction made to alter a characteristic of an item such as quantity or cost, because the characteristic is incorrect for some reason.