Business Terms and Jargon Explained
What is Order Optimisation
This terms is used to find the best order level or the economic order level. When a business needs supplies, it should order the right amount of materials at the right time. This will reduce cost and wastage. There are many formulas that can be used to get to the best order level. This can involve the whole ordering process from start to finish, form how to decide what is needed, to the ordering and the accounting. Many different types of orders may be needed and this is where it gets more complex in decided on the best order optimisation.
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2006-11-09 14:37:28
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2021 Scopulus Limited. All rights reserved.