Define Floor Stock

Also called back stock.

Define floor stock.

A floor stock system in a hospital involves the storage of pharmaceutical and over the counter drugs where they are needed usually in a nurse s station rather than in a pharmacy as explained on knowledge source. While the use of the term is slightly different in retailing than in manufacturing the core concept is. A floor in finance may refer to several things including the lowest acceptable limit the lowest guaranteed limit or the physical space where trading occurs. Inventory on hand that has not yet been loaded onto shelves.

Defined by lean affiliates. Normally lower dollar value backflushed items. Apics defines floor stock as stocks of inexpensive produc tion parts held in the factory from which production work ers can draw without requisitions. Also known as back stock in some settings floor stock is a term used to identify inventory items that are used to replenish stock that is maintained on a store floor or in a designated area within a plant facility for use by employees without the need to make use of a requisition form.

This extra stock allows a retail business to resupply store shelves and display counters in between reorder deliveries.