# Glossary of Terms {% hint style="info" %} ### *If there are no additional notes, the metrics are calculated based on variant and location dimension.* {% endhint %} ### **7 Days Sales** The number of units sold in the previous seven days. ### **14 Days Sales** The number of units sold in the previous fourteen days. ### **30 Days Sales** The number of units sold in the previous thirty days. ### **60 Days Sales** The number of units sold in the previous sixty days. ### **90 Days Sales** The number of units sold in the previous ninety days. ### **Barcode** Barcode shows the code in the "Barcode" field on the Shopify product page. ### **Class** Class shows the sales performance of the variants. “A” Class includes SKUs comprising the top 80% of sales quantity, “B” Class is the next 15%, and “C” Class is the final 5%. {% hint style="info" %} Class is calculated based on sales of the variants on entire store within the last 30 days of sales. It is not calculated location based. {% endhint %} ### **Cost** Cost shows the value in the "Cost per item" field on the Shopify product page. ### **Daily Forecast** Projected customer demand shows as sales quantity for a day. You can find more detail on how to calculate the daily forecast [here.](https://docs.merchbees.com/merchbees-low-stock-alert/forecast-and-reporting-module/forecast-algorithm) ### **Incoming Inventory** The number of incoming units. ### **Inventory Cost** Inventory cost = cost \* inventory quantity Inventory cost is the total value of inventory on hand according to variant or product cost. ### **Inventory Price** Inventory price = price \* inventory quantity Inventory price is the total value of inventory on hand according to variant or product price. ### **Inventory Quantity** The number of units in stock. Inventory quantity shows the quantity in the "Available" field on the Shopify product page. ### **Location** A location is a physical place or an app where you do any or all of the following activities: sell products, ship or fulfill orders, and stock inventory. If the Location field is "All Locations", all calculations are made based on the total sales or inventory belonging to all locations for your store. ### **Price** The price that you're charging for the product. It shows the value in the "Price" field on the Shopify product page. ### **Product ID** The unique ID (identification number) for the product is assigned by Shopify. ### **Product Name** The name of the product shows the name in the "Title" field on the Shopify product page. ### **Product Type** Product type shows the label in the "Product Type" field on the Shopify product page. ### **Sales%** Sales% = the number of units sold in the previous 30 days of one variant / number of all units sold in the previous 30 days across all variants ### **SKU** The Stock Keeping Unit refers to a unique code you assign to your variant or product. It shows the code in the "SKU" field on the Shopify product page. ### **Status** It shows the status of the product. It can be Active, Draft, or Archived. ### **Stock Cover Days** Stock Cover Days = Inventory Quantity / Daily Forecast The number of days the available inventory (inventory quantity) will last based on the forecast. ### Tags Tags shows the label in the "Tags" field on the Shopify product page. ### **Variant ID** The unique ID (identification number) for the variant is assigned by Shopify. ### **Variant Name** A variant is the most granular level of items for sale in your store. This will include the type of the item such as the color or size when available. The variant name is assigned based on the options that you choose while creating the product and their variants on the Shopify product page. If you see "Default Title" on the variant name, this product does not have any options like size or color. ### **Vendor** The manufacturer, wholesaler, or other vendor for the product.