Key concepts
To make best use of IBM® Maximo Inventory Optimization, become familiar with the key concepts and terminology that are associated and commonly used throughout the interfaces of the solution.
Work queues
In IBM Maximo Inventory Optimization, you can group and prioritize work by using work queues. You can also monitor and review progress work by organizational areas and data sets.
For more information about work queues in IBM Maximo Inventory Optimization, see Use and configure work queues.
Items
An item in IBM Maximo Inventory Optimization is an inventory stock item.
For more information about items in IBM Maximo Inventory Optimization, see the Working with stock inventory items topic.
Draft items
Draft items are uncatalogued items. They're new items that are being added to the catalog. They use the draft items module to get loaded into the system and add projected demand.
For more information about draft items in IBM Maximo Inventory Optimization, see What are draft items?.
Workflows
The workflow feature enables an approval process after changes are made to stock items. This process ensures that the correct business approval is obtained before any changes are exported.
For more information about work Workflows in IBM Maximo Inventory Optimization, see Workflow and approvals.
Analytics
The analytics in IBM Maximo Inventory Optimization solution automatically analyzes each stock item that uses characteristics such as price, usage, movement, lead time, and criticality.
Widgets
Widgets are used to display specific details about an item, and provide access to more functions.
For more information about Widgets in IBM Maximo Inventory Optimization, see Customizing the form view with widgets.
Regions
A 'Region' is a grouping of locations that want to share stock.
Even though a Location can exist within a Region, it doesn't mean that sharing is taking place. For sharing to take place an item must be allocated to a Region.