Ordering Cost

The total of all costs associated with the creation and release of a purchase order and its receipt, inspection and putaway as required. In calculating order quantities, the cost of placing a large number of individual orders is balanced against the cost of carrying inventory due to placing fewer orders with larger quantities on each


Ordering Cost

The total of all costs associated with the creation and release of a purchase order and its receipt, inspection and putaway as required. In calculating order quantities, the cost of placing a large number of individual orders is balanced against the cost of carrying inventory due to placing fewer orders with larger quantities on each

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