📖Glossary of Terms

Glossary of terms for the Bee Low Stock Alert & Forecast.

If there are no additional notes, the metrics are calculated based on variant and location dimension.

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%.

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.

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.

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.