Tag: inventory
Effective Ways To Manage Equipment
There are many factors to consider when it comes to managing equipment. This article will provide a few tips to keep in mind when...
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 efficiency....
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...
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...
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...
Absolute Value
What is an 'Absolute Value' An absolute value is a business valuation method that uses discounted cash flow analysis to determine a...
Absorbed Cost
What is an absorbed cost and how does it impact a business's bottom line
An absorbed cost is an overhead cost that has been fully...
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...
Quantity Discount
What is a 'Quantity Discount' A quantity discount is an incentive offered to a buyer that results in a decreased cost per...
The Different Types of Quick Assets
There are several different types of quick assets. The four main types are Cash on hand, Marketable securities, and Cash equivalents. The following article...