Examlex
Which of these is the official website of the XBRL International Consortium?
Carrying Costs
Expenses associated with holding or storing inventory over a certain period, including warehousing, insurance, and spoilage costs.
Optimal Order Quantity
Refers to the number of units that should be ordered to minimize the total inventory costs like ordering, holding, and shortage costs.
MRO
Maintenance, repair, and operating materials.
MRO Inventories
MRO Inventories refer to stocks of Maintenance, Repair, and Operations supplies that are kept on hand to support the production process and facility operations.
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