The time period that begins when an item is at its highest desired stocking level, continues as the item is used or sold, and ends when it is replenished is called an inventory cycle.

Inventory Cycle

The series of stages that inventory goes through, from initial purchase or production to sale, including restocking and management.

Stocking Level

Refers to the quantity of inventory kept on hand by a business to meet demand without incurring stockouts or excessive surplus.