In plain English
It refers to how much of an item is present as stock right now. The term applies within one specific inventory or location, not everywhere at once.
In context
Here, it reports the quantity of the item that is currently present in warehouse stock at the specified inventory or location.
- Situation
- Managing warehouse receiving, inventory, picking, packing, and dispatch
- What it communicates
- reports the quantity currently present in warehouse stock.
Meaning limits
By itself, this status does not show anything beyond the quantity currently in stock at that inventory or location.
Examples
“The west storeroom has only twelve filters on hand, even though the main depot has plenty.”
“Before the morning shipment, count the boxes on hand in Warehouse B.”