Glossary
Quick definitions for terms used throughout Iraca.
Bin location — A free-text note on a product's stock level saying where in a warehouse it lives (e.g. "Aisle 3, Shelf B"). Separate from a warehouse's own list of location codes (below) — the two aren't linked.
Channel — An external sales platform connected to Iraca (Amazon, Shopify, WooCommerce, Etsy, Walmart, TikTok) that orders can sync in from and inventory can sync out to.
Contact — A customer or supplier saved to your address book, used to populate orders and shipments.
Lot — A traceable batch of finished product, tied back to the production run (and the supplies) that made it. See Lot Tracking.
Order — A record of a sale — who's buying, what they're getting, and where it ships — created by hand or synced in automatically from a connected channel.
Pick list — A single sheet grouping several open orders together, used to speed up picking items in the warehouse.
Product — Something you sell: a finished good with a SKU, a price, and stock tracked per warehouse.
Production run — A logged batch of manufacturing that follows a recipe, consuming supply stock and adding finished product stock when it completes.
Recipe — The list of supplies (and quantities) that go into producing a batch of a product.
Reorder point — A per-warehouse stock threshold that flags a product as low stock once on-hand quantity drops to or below it.
SKU — A product's unique identifying code (stock keeping unit) — how you and Iraca both refer to a specific product.
Stock movement — A record of any change to stock: receiving, consuming, adjusting, transferring, or production. Every change is logged, so stock levels are always traceable back to what caused them.
Supply — A raw ingredient or packaging material you buy to make products, tracked the same way as a product (warehouses, stock, adjustments) but kept in its own catalog under Purchasing.
Warehouse — A physical or virtual location that holds stock. Every product's stock is tracked per warehouse, not as one company-wide number.
Workspace — Your Iraca account — the organization-level container for your products, orders, team, and everything else you set up.