Generic Stock is a term describing inventory that is not dedicated to a specific order. Typically this inventory was put in place based on an aggregated demand signal (which may or may not consist of customer orders). See Make-to-Stock.
Products in generic stock are products that are recorded and processed by item number only. Product remains generic until assigned or allocated to a specific customer order. Typically this happens when product is absorbed in another product (Make) or when it is picked, packed and shipped (Deliver).
Alternative names include: Unrestricted Stock.
The opposite of Generic Stock is Sales Order Stock.
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