Industry Terms

Maximum throughput or capability of a process, machine or locality.

Definition Carrying costs of inventory are all the expenses associated with holding inventory including maintenance, storage costs, warehouse costs, and scrap costs. Also called inventory costs, it is the cost incurred over a period of time by holding and storing inventory. This also includes insurance, opportunity costs, loss from theft and/or damage. An important profit […]

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Definition Configure to order is a manufacturing process where products are assembled and configured according to customer requirements. In today’s competitive market, consumers are demanding products that are tailored according to their own unique requirements. How does Configure to Order Work? The configure-to-order process is based on the concept of configure to order. This means […]

A consignment inventory is a specific stock that is in the possession of the customer or seller (the consignee) but yet owned by the supplier (a vendor or wholesaler). Here, the supplier sets up an inventory for the seller which remains at the supplier’s warehouse only (only when the product is sold on an eCommerce […]

Accounting term used to describe annual Inventory holding costs

The flow of content: The Effects Of Scaling Up On The Inventory Management What Is Cycle Count Popular Approaches To Cycle Count Quick Steps For Proper Implementation Of Cycle Count In Inventory Management Best Practices For Implementation The Role Of Computerized Solutions In Modern Times Wrapping Up Cycle counting is one of the most crucial […]