What is onhand?

Onhand is a term used in inventory management to refer to the quantity of goods or products that are currently stocked and available for immediate use or sale. It is also known as inventory on hand, stock on hand, or simply on hand quantity. Having a good understanding of onhand allows businesses to effectively manage their inventory levels, track sales, and ensure that they have enough stock to meet customer demand. Onhand can be determined through regular physical inventory counts, or through the use of inventory management software that tracks stock levels in real-time. Having accurate and up-to-date information about onhand can help businesses make informed decisions about purchasing, pricing, and inventory management strategies.