diff --git a/InvenTree/InvenTree/version.py b/InvenTree/InvenTree/version.py
index fe28d780c7..0a9d39225b 100644
--- a/InvenTree/InvenTree/version.py
+++ b/InvenTree/InvenTree/version.py
@@ -12,11 +12,14 @@ import common.models
 INVENTREE_SW_VERSION = "0.7.0 dev"
 
 # InvenTree API version
-INVENTREE_API_VERSION = 35
+INVENTREE_API_VERSION = 36
 
 """
 Increment this API version number whenever there is a significant change to the API that any clients need to know about
 
+v36 -> 2022-04-03
+    - Adds ability to filter part list endpoint by unallocated_stock argument
+
 v35 -> 2022-04-01 : https://github.com/inventree/InvenTree/pull/2797
     - Adds stock allocation information to the Part API
     - Adds calculated field for "unallocated_quantity"
diff --git a/InvenTree/part/api.py b/InvenTree/part/api.py
index 3a2bb6eeb3..f7bb81520d 100644
--- a/InvenTree/part/api.py
+++ b/InvenTree/part/api.py
@@ -798,6 +798,20 @@ class PartFilter(rest_filters.FilterSet):
 
         return queryset
 
+    # unallocated_stock filter
+    unallocated_stock = rest_filters.BooleanFilter(label='Unallocated stock', method='filter_unallocated_stock')
+
+    def filter_unallocated_stock(self, queryset, name, value):
+
+        value = str2bool(value)
+
+        if value:
+            queryset = queryset.filter(Q(unallocated_stock__gt=0))
+        else:
+            queryset = queryset.filter(Q(unallocated_stock__lte=0))
+
+        return queryset
+
     is_template = rest_filters.BooleanFilter()
 
     assembly = rest_filters.BooleanFilter()
diff --git a/InvenTree/templates/js/translated/part.js b/InvenTree/templates/js/translated/part.js
index b0283a1b35..1c66c32b6e 100644
--- a/InvenTree/templates/js/translated/part.js
+++ b/InvenTree/templates/js/translated/part.js
@@ -494,10 +494,40 @@ function duplicateBom(part_id, options={}) {
 function partStockLabel(part, options={}) {
 
     if (part.in_stock) {
-        return `<span class='badge rounded-pill bg-success ${options.classes}'>{% trans "Stock" %}: ${part.in_stock}</span>`;
+        // There IS stock available for this part
+
+        // Is stock "low" (below the 'minimum_stock' quantity)?
+        if (part.minimum_stock && part.minimum_stock > part.in_stock) {
+            return `<span class='badge rounded-pill bg-warning ${options.classes}'>{% trans "Low stock" %}: ${part.in_stock}${part.units}</span>`;
+        } else if (part.unallocated_stock == 0) {
+            if (part.ordering) {
+                // There is no available stock, but stock is on order
+                return `<span class='badge rounded-pill bg-info ${options.classes}'>{% trans "On Order" %}: ${part.ordering}${part.units}</span>`;
+            } else if (part.building) {
+                // There is no available stock, but stock is being built
+                return `<span class='badge rounded-pill bg-info ${options.classes}'>{% trans "Building" %}: ${part.building}${part.units}</span>`;
+            } else {
+                // There is no available stock
+                return `<span class='badge rounded-pill bg-warning ${options.classes}'>{% trans "Available" %}: 0/${part.in_stock}${part.units}</span>`;
+            }
+        } else {
+            return `<span class='badge rounded-pill bg-success ${options.classes}'>{% trans "Available" %}: ${part.unallocated_stock}/${part.in_stock}${part.units}</span>`;
+        }
     } else {
-        return `<span class='badge rounded-pill bg-danger ${options.classes}'>{% trans "No Stock" %}</span>`;
+        // There IS NO stock available for this part
+
+        if (part.ordering) {
+            // There is no stock, but stock is on order
+            return `<span class='badge rounded-pill bg-info ${options.classes}'>{% trans "On Order" %}: ${part.ordering}${part.units}</span>`;
+        } else if (part.building) {
+            // There is no stock, but stock is being built
+            return `<span class='badge rounded-pill bg-info ${options.classes}'>{% trans "Building" %}: ${part.building}${part.units}</span>`;
+        } else {
+            // There is no stock
+            return `<span class='badge rounded-pill bg-danger ${options.classes}'>{% trans "No Stock" %}</span>`;
+        }
     }
+
 }
 
 
@@ -1160,12 +1190,14 @@ function partGridTile(part) {
 
     if (!part.in_stock) {
         stock = `<span class='badge rounded-pill bg-danger'>{% trans "No Stock" %}</span>`;
+    } else if (!part.unallocated_stock) {
+        stock = `<span class='badge rounded-pill bg-warning'>{% trans "Not available" %}</span>`;
     }
 
     rows += `<tr><td><b>{% trans "Stock" %}</b></td><td>${stock}</td></tr>`;
 
-    if (part.on_order) {
-        rows += `<tr><td><b>{$ trans "On Order" %}</b></td><td>${part.on_order}</td></tr>`;
+    if (part.ordering) {
+        rows += `<tr><td><b>{% trans "On Order" %}</b></td><td>${part.ordering}</td></tr>`;
     }
 
     if (part.building) {
@@ -1322,31 +1354,47 @@ function loadPartTable(table, url, options={}) {
     columns.push(col);
 
     col = {
-        field: 'in_stock',
-        title: '{% trans "Stock" %}',
+        field: 'unallocated_stock',
+        title: '{% trans "Available" %}',
         searchable: false,
         formatter: function(value, row) {            
             var link = '?display=part-stock';
 
-            if (value) {
+            if (row.in_stock) {
                 // There IS stock available for this part
 
                 // Is stock "low" (below the 'minimum_stock' quantity)?
-                if (row.minimum_stock && row.minimum_stock > value) {
+                if (row.minimum_stock && row.minimum_stock > row.in_stock) {
                     value += `<span class='badge badge-right rounded-pill bg-warning'>{% trans "Low stock" %}</span>`;
+                } else if (value == 0) {
+                    if (row.ordering) {
+                        // There is no available stock, but stock is on order
+                        value = `0<span class='badge badge-right rounded-pill bg-info'>{% trans "On Order" %}: ${row.ordering}</span>`;
+                        link = '?display=purchase-orders';
+                    } else if (row.building) {
+                        // There is no available stock, but stock is being built
+                        value = `0<span class='badge badge-right rounded-pill bg-info'>{% trans "Building" %}: ${row.building}</span>`;
+                        link = '?display=build-orders';
+                    } else {
+                        // There is no available stock
+                        value = `0<span class='badge badge-right rounded-pill bg-warning'>{% trans "Not available" %}</span>`;
+                    }
                 }
-
-            } else if (row.on_order) {
-                // There is no stock available, but stock is on order
-                value = `0<span class='badge badge-right rounded-pill bg-info'>{% trans "On Order" %}: ${row.on_order}</span>`;
-                link = '?display=purchase-orders';
-            } else if (row.building) {
-                // There is no stock available, but stock is being built
-                value = `0<span class='badge badge-right rounded-pill bg-info'>{% trans "Building" %}: ${row.building}</span>`;
-                link = '?display=build-orders';
             } else {
-                // There is no stock available
-                value = `0<span class='badge badge-right rounded-pill bg-danger'>{% trans "No Stock" %}</span>`;
+                // There IS NO stock available for this part
+
+                if (row.ordering) {
+                    // There is no stock, but stock is on order
+                    value = `0<span class='badge badge-right rounded-pill bg-info'>{% trans "On Order" %}: ${row.ordering}</span>`;
+                    link = '?display=purchase-orders';
+                } else if (row.building) {
+                    // There is no stock, but stock is being built
+                    value = `0<span class='badge badge-right rounded-pill bg-info'>{% trans "Building" %}: ${row.building}</span>`;
+                    link = '?display=build-orders';
+                } else {
+                    // There is no stock
+                    value = `0<span class='badge badge-right rounded-pill bg-danger'>{% trans "No Stock" %}</span>`;
+                }
             }
 
             return renderLink(value, `/part/${row.pk}/${link}`);
diff --git a/InvenTree/templates/js/translated/table_filters.js b/InvenTree/templates/js/translated/table_filters.js
index 81d43d2c3f..6212568950 100644
--- a/InvenTree/templates/js/translated/table_filters.js
+++ b/InvenTree/templates/js/translated/table_filters.js
@@ -427,12 +427,16 @@ function getAvailableTableFilters(tableKey) {
             },
             has_stock: {
                 type: 'bool',
-                title: '{% trans "Stock available" %}',
+                title: '{% trans "In stock" %}',
             },
             low_stock: {
                 type: 'bool',
                 title: '{% trans "Low stock" %}',
             },
+            unallocated_stock: {
+                type: 'bool',
+                title: '{% trans "Available stock" %}',
+            },
             assembly: {
                 type: 'bool',
                 title: '{% trans "Assembly" %}',