Supply Chain Glossary
/ Letter I
Glossary — Letter I
3 supply chain, inventory, and fulfillment terms starting with I. Plain-English definitions for e-commerce merchants.
Incoterms
Internationally standardized trade terms published by the ICC that define the responsibilities of buyers and sellers for the delivery, insurance, and customs cl…
Inventory Shrinkage
The loss of inventory due to theft, damage, administrative errors, or supplier fraud, measured as the difference between recorded and physical stock counts.
Inventory Turnover
A ratio that measures how many times a company sells and replaces its entire inventory within a given period, indicating operational efficiency.
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