Inventory Management terms defined

Slow Moving Inventory - inventory that has little or no current usage;
sporadic movement
Excess Inventory - inventory that is in excess of the forecasted demand.
Obsolete Inventory - inventory that has been superseded by newer items.
Non-Moving Inventory - no demand inventory

Inventory Bank - a third party company that purchases excess & slow moving
inventory and makes it available for sale to fulfill future product needs.

Surplus Outlet - a company that purchases excess inventory, often at a
fraction of its cost, and resells it into the open market, often competing
directly with the OEM and its customer.