Industry Terms
- Backflush
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Backflush is an accounting approach, used in a Just-In-Time (JIT) environment, in which costing is delayed until goods are finished. Costs are then ‘flushed’ back at the end of the production process and assigned to the goods. This approach helps in eliminating all work-in-process accounts and manual assignments of costs to products during the various […]
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- Batching Rule
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Combination of several smaller batches into one to reduce the MRP is called the Batch Rule.
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- Bill of Materials (BOM)
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An extensive list of raw materials, components required to manufacture or repair a product or service is called “bill of materials (BOM)”. A bill of materials often is designed in a format which keeps the finished product at the highest level and the other individual components and materials at the bottom. When it comes to […]
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- Break Bulk
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Break bulk cargo is general cargo or goods that do not fit in or utilize standard shipping containers or cargo bins. Break bulk is different from bulk shipping, which is used for cargo such as petroleum products or grain. Instead, breakbulk cargo is transported individually, oftentimes on a skid or pallet or in a crate. […]
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- What is Backorder? Definition, Challenge, Tips & Tools
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A backorder is an order which you assure to fulfill despite not having the concerned item in the inventory. The promise includes a shipping date until which your customer agrees to wait.
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- What is the Bullwhip Effect in supply chain?
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The Bullwhip Effect is a phenomenon in the supply chain and distribution channels in which forecasts reveal supply chain inefficiencies.
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