Tag: manufacturing
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...
Manufacturing Production
What is 'Manufacturing Production' Manufacturing production is the creation and assembly of components and finished products for sale. Three common types of...
Magnet Employer
What is 'Magnet Employer' A popular business or businessperson to whom job candidates naturally gravitate. Magnet employers often have brand name recognition...
Make To Assemble (MTA)
What is 'Make To Assemble - MTA' A manufacturing production strategy where a company stocks the basic components of a product based...
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...
Abnormal Spoilage
What is 'Abnormal Spoilage' The waste or wrecking of inventory beyond what is expected in normal business processes. Abnormal spoilage can be...
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...
Absorption Rate
What is the absorption rate
The real estate absorption rate is the rate at which properties are sold in a specific market. It is calculated...
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...