Industry Terms
- Carrying Costs
-
Definition Carrying costs of inventory are all the expenses associated with holding inventory including maintenance, storage costs, warehouse costs, and scrap costs. Also called inventory costs, it is the cost incurred over a period of time by holding and storing inventory. This also includes insurance, opportunity costs, loss from theft and/or damage. An important profit […]
Read more
- Cin7 Expert
-
Cin7 experts exist to help your business thrive. Cin7 experts help your business with ecommerce, inventory management, accounting, and business process automation. They include agencies, advisors, and software consulting firms. Cin7 Experts are professionals with deep experience gained from implementing and advising hundreds of brands, retailers, wholesalers, and manufacturers in over 75 countries around the […]
Read more
- Configure-to-Order (CTO): Definition, Advantages, Disadvantages
-
Definition Configure to order is a manufacturing process where products are assembled and configured according to customer requirements. In today’s competitive market, consumers are demanding products that are tailored according to their own unique requirements. How does Configure to Order Work? The configure-to-order process is based on the concept of configure to order. This means […]
Read more
- Consignment Inventory
-
A consignment inventory is a specific stock that is in the possession of the customer or seller (the consignee) but yet owned by the supplier (a vendor or wholesaler). Here, the supplier sets up an inventory for the seller which remains at the supplier’s warehouse only (only when the product is sold on an eCommerce […]
Read more
- Cost of Capital
-
Accounting term used to describe annual Inventory holding costs
Read more
- What is an Inventory Cycle Count?
-
The flow of content: The Effects Of Scaling Up On The Inventory Management What Is Cycle Count Popular Approaches To Cycle Count Quick Steps For Proper Implementation Of Cycle Count In Inventory Management Best Practices For Implementation The Role Of Computerized Solutions In Modern Times Wrapping Up Cycle counting is one of the most crucial […]
Read more