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34 Results for Tag: inventory

Kanban

DefinitionKanban is a scheduling system for lean manufacturing and just-in-time manufacturing. Taiichi Ohno, an industrial engineer at Toyota, developed kanban to improve manufacturing effic

Make To Order (MTO)

Make To Order (MTO) What does 'Make To Order - MTO' mean Make to order (MTO) is a business production strategy that typically allows consumers to purchase products that are customized to t

Absorption Costing

DefinitionTotal absorption costing is a method of Accounting cost which entails the full cost of manufacturing or providing a service. TAC includes not just the costs of materials and labour

Make To Stock (MTS)

Make To Stock (MTS) What does 'Make To Stock - MTS' mean Make to stock (MTS) is a traditional production strategy that is used by businesses to match production and inventory with consumer

Absolute Value

Absolute Value What is an 'Absolute Value' An absolute value is a business valuation method that uses discounted cash flow analysis to determine a company's financial worth. The absolute v

Absorbed Cost

Absorbed Cost What is 'Absorbed Cost' The indirect costs that are associated with manufacturing. Absorbed costs include such expenses as insurance, or property taxes for the building in wh

Backflush Costing

Backflush Costing What is 'Backflush Costing' Backflush costing is a product costing system generally used in a just-in-time inventory environment. Backflush costing delays the costing pro

Quick Assets

Quick Assets What are 'Quick Assets' Quick assets refer to assets owned by a company with a commercial or exchange value that can easily be converted into cash or that is already in a cash

Quantity Discount

Quantity Discount What is a 'Quantity Discount' A quantity discount is an incentive offered to a buyer that results in a decreased cost per unit of goods or materials when purchased in gre

Vendor Financing

DefinitionVendor finance is a form of lending in which a company lends money to be used by the borrower to buy the vendor's products or property. Vendor finance is usually in the form of def
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