Client Profitability: The follow of positioning a worth within the gain produced by business done with a specific consumer.
Establish to Order: A means of reducing inventory by not manufacturing product until eventually There exists an genuine buy from The client.
Dual charge method: A world drinking water provider pricing program through which a shipper signing an distinctive use settlement with the meeting pays a fee 10 to fifteen percent decrease than non-signing shippers do for an identical shipment.
Charge Variance: In cost accounting the difference between what has been budgeted for an exercise and what it basically costs.
Enterprise Performance Measurement (BPM): A technique that uses a program of plans and metrics to watch overall performance. Analysis of these measurements can help firms periodically set enterprise goals, then supply suggestions to professionals on progress in direction of Those people objectives.
Fastened Buy Amount: Lots-sizing technique in MRP or stock administration which will usually result in prepared or precise orders to generally be created for any pre-decided fastened quantity, or multiples thereof, if net demands for that interval exceed the fastened buy quantity.
Caged: Referring towards the observe of placing superior-value or sensitive products and solutions in a fenced off spot in just a warehouse.
Barter: The exchange of commodities or companies for other commodities or providers in lieu of the acquisition of go to my site commodities or providers with money.
Calendar Days: The conversion of Functioning days to calendar days relies go now on the volume of often scheduled workdays a week inside your manufacturing calendar. Calculation:
Acquisition Cost: In Charge accounting, the fee needed to get hold of a number of units of an product. It can be order amount moments device Price tag.
Characteristics: A label made use of to deliver supplemental classification or specifics of a useful resource, action, or Price tag item. Utilized for focusing attention and could be subjective. Examples undoubtedly are a characteristic, a rating or quality of item or exercise, or groupings of this stuff, and functionality steps.
Auditability: A attribute of recent info techniques gauged by the convenience with which info is often substantiated by tracing it to source files, along with the extent to which auditors can rely on pre-confirmed and monitored control processes.
Arrival See: A see within the delivering provider to the Notify Celebration indicating the shipment's arrival date at a specific spot (Generally the location).
Certificate of Insurance coverage: A negotiable document indicating that insurance policy is secured under an open up plan to deal with loss or harm to a shipment although in transit.