ASCM Anaheim
  • Home
  • Education
    • CPIM
    • CSCP
    • Lean Enterprise Workshop
  • About
    • ASCM Anaheim
  • Events
    • Upcoming Events
    • Past Events
  • Contact
  • ASCM Resources
    • ASCM Classifieds
    • APICS Reading Materials
    • APICS Dictionary Terms
    • ASCM Webinars
  • ASCM Anaheim Store
CLICK HERE TO DOWNLOAD THE APICS DICTIONARY APP FREE!

Inventory turnover

11/15/2018

0 Comments

 
Inventory Turnover
​  The number of times that an inventory cycles, or “turns over,” during the year. A frequently used method to compute inventory turnover is to divide the average inventory level into the annual cost of sales. For example, an average inventory of $3 million divided into an annual cost of sales of $21 million means that inventory turned over seven times. Syn: inventory turns, turnover.
Learn More About Inventory Turnover By Enrolling in an APICS Course.
0 Comments

Import Merchant

10/2/2018

0 Comments

 
Import Merchant
Photo Credit: Indiamart
​Purchasing agent who buys and takes the title to goods and then resells them.
Learn More About Supply Chain By Earning The APICS CSCP.
0 Comments

Interplant demand

9/4/2018

0 Comments

 
  One plant's need for a part or product that is produced by another plant or division within the same organization. Although it is not a customer order, it is usually handled by the master production scheduling system in a similar manner.
Learn More About Interplant Demand In Our CPIM Course.
0 Comments

    Author

    APICS terms are updated monthly from the APICS Dictionary App.


    APICS Dictionary
    Download the APICS Dictionary Free!

    Beginning Letter

    All
    #
    A
    B
    C
    D
    E
    F
    H
    I
    K
    M
    O
    P
    Q
    R
    S
    T
    V
    Z

Follow ASCM Anaheim on Social Media
APICS Anaheim
  • Home
  • Education
    • CPIM
    • CSCP
    • Lean Enterprise Workshop
  • About
    • ASCM Anaheim
  • Events
    • Upcoming Events
    • Past Events
  • Contact
  • ASCM Resources
    • ASCM Classifieds
    • APICS Reading Materials
    • APICS Dictionary Terms
    • ASCM Webinars
  • ASCM Anaheim Store