Examlex
What is the quality loss function (QLF)?
FOB Shipping Point
A term indicating that the buyer assumes responsibility for the goods and shipping costs once the goods leave the seller's premises.
Perpetual Inventory
An inventory management system where updates are made continuously to reflect items added or sold, providing a real-time view of inventory levels.
Freight In
Costs associated with transporting goods into a warehouse or to a business, typically recorded as part of inventory cost.
Cost Of Merchandise Sold
The total cost incurred to manufacture or purchase products that were sold to customers during a period.
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