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Originally developed by General Winfield Scott and later adopted by General Ulysses S. Grant, the Anaconda Strategy advocated
Cost Flow
The pattern in which costs move through a business, beginning with the acquisition of raw materials and ending with the delivery of final products to consumers.
First-In, First-Out
A method of valuing inventory that presumes items are sold in their purchase sequence, first selling the oldest products.
Purchase Order
An official document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
Approved Vendor
A supplier who has been vetted and meets a company's criteria for quality, reliability, and price.
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