Definition, Meaning & Synonyms
stockout
Noun
/ˈstɒkaʊt/
Definition
A stockout occurs when the inventory of an item is entirely depleted and is temporarily unavailable for sale or consumption.
Examples
- During the holiday season, the store experienced a stockout of popular toys, frustrating many parents.
- The manufacturer had to halt production because of a stockout of critical components.
Meaning
It represents a situation where demand for a product exceeds the available supply, which can lead to missed sales opportunities and customer dissatisfaction.
Synonyms
- Out of stock
- Inventory depletion
- Supply shortage