Ordering cost refers to the expenses incurred in the process of acquiring inventory, including costs related to purchase orders, supplier communication, and receiving goods. What is the definition of ordering cost? It encompasses administrative and logistical expenses associated with replenishing stock. These costs are crucial for businesses to manage efficiently to optimize inventory levels and minimize total inventory costs.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.
