inventory cost
Definition
Cost of holding goods in stock. Expressed usually as a percentage of the inventory value, it includes capital, warehousing, depreciation, insurance, taxation, obsolescence, and shrinkage costs.
inventory cost is in the Accounting & Auditing and Inventory Control & Storage subjects.
inventory cost appears in the definitions of the following terms: economic order interval (EOI) and number of days of inventory on hand
inventory cost appears in the other term: moving average inventory cost
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