Examlex
Enterprise resource planning (ERP) is a software-based approach to integrating an organization's systems in order to improve communication and coordination among all departments and operating units. The newest versions of ERP extend this coordination to other organizations within the supply chain.
Turnover
The rate at which inventory is sold and replaced over a particular period, or the total sales volume.
Margin
The variance between the cost at which a product is sold and the expense incurred to create it, frequently conveyed as a proportion of the revenue.
Operating Expenses
Expenses incurred from normal business operations, excluding the cost of goods sold, such as selling, general, and administrative expenses.
Minimum Required Rate of Return
The lowest acceptable return on an investment, determined by the investor's or company's financial requirements, risk assessment, and other factors.
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