Quant (economy)

In economics, the term quant (from the Latin quantum , how big, how much) in the context of materials management ( warehouse management systems ) describes a namable amount of a certain material with the same characteristics in a storage location .

Creation through material storage

A warehouse management system creates a quant in a storage location in the following cases:

• by storing goods in an empty storage location
• by storing goods in a non-empty storage location with characteristics other than those of the quant already located there

example

A storage bin contains 100 pieces of material X as follows:

• Batch 01 = 20 pieces
• Batch 02 = 50 pieces
• Batch 02 = 30 pieces of quality inspection stock

There are three quanta in this bin.

Mixed allocation or single item storage

In warehouse management systems it is set whether only one quanta can be stored in a storage location or several quanta can be stored.

purpose

The use of quanta serves the following purposes:

• Batch tracing
• Optimization of the material flow
• efficient management of stocks in warehouse management