In inventory management, what does the term "due-out" refer to?

The term "due-out" in inventory management specifically refers to a request for materials that have been ordered but have not yet been received. It indicates that there is an expectation to receive those items in the future based on existing orders. This concept is crucial for inventory control as it helps maintain visibility over pending shipments and ensures that an organization can plan accordingly concerning the items needed for operations. This management practice prevents stockouts and allows for proactive planning in receiving inventory.

In contrast, the other options involve different inventory management concepts. An item that has been received but not invoiced relates to the accounting process and does not address the anticipation of incoming goods. A notification for items approaching expiration is about managing shelf life and ensuring that perishable items are used or disposed of in time. Lastly, a report on overstocked items pertains to inventory levels and managing excess stock rather than focusing on future deliveries of ordered items.