Examlex
ROM is nonvolatile, meaning it does not require constant power to function. ROM contains essential system programs that neither the user nor the computer can erase. Since the computer's internal memory is blank during start-up, the computer cannot perform any functions unless given start-up instructions.
Reorder Point
The inventory level at which an action is taken to replenish a particular stock item, ensuring that sufficient stock is available to meet demand.
Orders In-house
Refers to orders that are received, processed, and fulfilled within the company, without outsourcing to a third party.
ABC Analysis
A technique for categorizing inventory based on its importance, often into three categories (A, B, and C) to prioritize management and resources.
SKUs
Stock Keeping Units, which are unique identifiers for each distinct product and service available for sale.
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