Point of Sale (POS) Glossary
Average quantity represents the amount of a specific SKU that a merchant wants to have in inventory during a specific period. This number usually includes all stores and warehouse stock. Setting this number allows merchants to configure reorder and notification triggers in POS systems that support these features.
Despite the name, this number may not be a calculated average amount representing the normal stock of a product across an entire year. Instead, merchants may choose to set different average or reorder points to manually order (or in point of sale systems that support this) based on seasonal demands or other factors. For instance, during the Christmas season, the average quantity for Santa Sweaters would be set hirer than it would be set in July.
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An eCommerce website is open 24/7 and accessible from all over the world. Being online and having physical store opens your business to a global market.