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studystack

TermDefinition
Purchasing The buying of goods and services for a business
Purchasing Order The form that a business fills out to order goods; may be the same as a purchase agreement or purchase contract
Purchasing Process A series of sequential steps taken by purchasing specialists to buy goods and services for a business.
Reorder The reorder point (or reorder level) is the inventory level at which a company would place a new order or start a new manufacturing run
Cash Flow the total amount of money being transferred into and out of a business, especially as affecting liquidity.
Inventory a complete list of items such as property, goods in stock, or the contents of a building.
Usage the action of using something or the fact of being used.
Lead Time the time between the initiation and completion of a production process.
Supply Chain the sequence of processes involved in the production and distribution of a commodity.
Incentives a payment or concession to stimulate greater output or investment
Created by: stephenreese
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