What is Quantity On Hand (QOH) in Retail? Explained

Quantity On Hand (QOH) denotes the actual physical inventory of a specific product available in a store or warehouse at a given point in time. It represents the number of units of a particular item that a retailer currently has in stock and is ready for sale. Tracking Quantity On Hand is crucial for effective inventory management, helping retailers prevent stockouts, optimize reorder points, and ensure that customer demand can be met promptly. Retailers often use inventory management systems and technology to monitor and update Quantity On Hand in real-time, facilitating accurate and efficient control of their product inventory.