Industry Terms

Definition Make-to-stock is a production strategy that is based on matching inventory to consumer demand. The consumer demand for products is gauged on the analysis of historical sales data and demand forecasting. Make-to-stock also known as Build-to-stock, is associated with the mass production techniques during the Industrial Revolution where vast quantities of goods were produced […]

Magento is a platform/marketplace where developers can create eCommerce websites.

Magento Connect is an online marketplace to find extensions to customize and enhance online stores.

Manual Payment Systems allows merchants to accept manual forms of payment.

A person who produces goods to sell

It has been observed that a retail business has the chances of losing out a deal on their profits due to a reduction in price and loss of sales.

Merchandising is a process of displaying and marketing goods for sale.

Merchandising Optimization is the ability to sort products into different categories.

Merchant Account is a bank account used to hold funds obtained from online purchase.

Mobile Websites a different version of a website to view on a mobile device.

Monitor Shopping, also known as window shopping is when users brows products online without buying them.

Definition Moving average is an indicator used in technical analysis to gauge the direction of the current trend in the prices of a particular security. Moving average is not a predictor of prices, it is based on past prices. In fact, it filters out too many fluctuations in prices and provides a concrete definition to […]

The flow of content: What does MRO stand for? What is the MRO inventory? Why do we need MRO inventory? Types of industrial MRO maintenance Managing MRO materials Best practices for managing MRO inventory   What does MRO stand for? MRO is an acronym for maintenance, repair, and operations used by companies to create an […]