What term is used to refer to the number of units available for sale within total inventory?

Prepare for the NRF Retail Industry Certification Exam. Use flashcards and multiple choice questions with hints and explanations. Boost your retail knowledge now!

The term that refers specifically to the number of units available for sale within total inventory is "on-hand inventory." This terminology is widely used in inventory management to indicate the actual quantity of products that are physically available and ready for sale, distinguishing it from other inventory metrics.

Understanding "on-hand inventory" is crucial because it directly contributes to sales and customer satisfaction. Accurate tracking of on-hand inventory helps retailers ensure that they can meet customer demand without overstocking.

In contrast, stock quantity can imply a broader concept that might include items that are not necessarily available for immediate sale, while total inventory refers to the overall value or count of all stock a retailer holds, regardless of availability for sale. Safety stock is a specific term used to indicate extra inventory kept on hand to prevent stockouts during unforeseen demand spikes or supply chain disruptions, and does not reflect the general availability of units for sale. Thus, on-hand inventory is the most precise term for units available for purchase at any given time.

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