Examlex
One benefit to procurement cards is that they are easily used outside of their domestic market.
Production Order Quantity
The optimum quantity of goods a company should order for production which minimizes total inventory costs.
Retail Inventory
The total value of goods available for sale at a retail location, including items on the sales floor and in stock.
Shrinkage
Retail inventory that is unaccounted for between receipt and sale.
Economic Order Quantity
The ideal order quantity a company should purchase to minimize its inventory costs, including holding, setup, and shortage costs.
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