Inventory purchased and stored in advance to avoid potential cost increases
associated with price inflation is called
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hedge inventory
The opportunity cost of money tied up in inventory is referred to as
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cost of capital
,A steady pattern of demand from year to year, such as upward or downward, linear or
nonlinear, is referred to as a
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Trend
Expenses incurred by a firm to keep inventory on hand are referred to as
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carrying cost
A quantity set by the supplier as the minimum amount that must be ordered is called
the
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minimum order quantity
Among intrinsic forecasting methods, an estimate of how much demand during a
specific season will deviate above or below the average demand is known as the
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, seasonal index
Costs incurred when there is insufficient inventory to meet customer demand are
referred to as
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stockout cost
Materials and supplies that a business holds either for sale or as inputs to the
production process are referred to as
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inventory
An inventory evaluation method that values all units at the average purchase price,
smoothing out cost fluctuations is called
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average cost
Items currently in production but not yet completed are known as
associated with price inflation is called
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hedge inventory
The opportunity cost of money tied up in inventory is referred to as
Give this one a try later!
cost of capital
,A steady pattern of demand from year to year, such as upward or downward, linear or
nonlinear, is referred to as a
Give this one a try later!
Trend
Expenses incurred by a firm to keep inventory on hand are referred to as
Give this one a try later!
carrying cost
A quantity set by the supplier as the minimum amount that must be ordered is called
the
Give this one a try later!
minimum order quantity
Among intrinsic forecasting methods, an estimate of how much demand during a
specific season will deviate above or below the average demand is known as the
Give this one a try later!
, seasonal index
Costs incurred when there is insufficient inventory to meet customer demand are
referred to as
Give this one a try later!
stockout cost
Materials and supplies that a business holds either for sale or as inputs to the
production process are referred to as
Give this one a try later!
inventory
An inventory evaluation method that values all units at the average purchase price,
smoothing out cost fluctuations is called
Give this one a try later!
average cost
Items currently in production but not yet completed are known as
