inventory costs
41Just In Case - JIC — An inventory strategy in which companies keep large inventories on hand. This type of inventory management strategy aims to minimize the probability that a product will sell out of stock. A company practicing this strategy essentially incurs… …
42Service management — is integrated into Supply Chain Management as the joint between the actual sales and the customer. The aim of high performance Service Management is to optimize the service intensive supply chains, which are usually more complex than the typical… …
43Pull-Through Production — A method used in just in time manufacturing processes to order production inputs and schedule manufacturing at the time a customer places an order. By basing purchase orders and manufacturing schedules on actual, rather than anticipated, orders,… …
44Economic Order Quantity - EOQ — An inventory related equation that determines the optimum order quantity that a company should hold in its inventory given a set cost of production, demand rate and other variables. This is done to minimize variable inventory costs. The full… …
45Dell — This article is about the corporation known as Dell Inc. For other uses, see Dell (disambiguation). Dell, Inc. Type Public Traded as NASDAQ:  …
46Do It Right The First Time - DRIFT — A theory from managerial accounting that relates to just in time (JIT) inventory (where a company only receives goods as they are needed to cut down on inventory costs) and production management. The idea behind DRIFT is that management wants all …
47LIFO Reserve — The difference between the FIFO and LIFO cost of inventory for accounting purposes. The LIFO reserve is an account used to bridge the gap between FIFO and LIFO costs when a company is using FIFO but would like to report LIFO in its financial… …
48IDC — is an initialism that can stand for:Business and organizations*International Data Corporation a research company and subsidiary of International Data Group *Industrial Design Centre, IIT Bombay *Interactive Data Corporation, a leading global… …
49Container ship — Two container ships pass in San Francisco Bay Class overview Name: Container ship Subclasses: (1) Geared or gearless …
50Auto auction — Auto auctions are a method of selling new, and most often, used vehicles based on auction system. Auto auctions can be found in most nations, but are often unknown to most people. This is, such as in the case of the United States, because this a… …
