inventory cost
noun[S]
COMMERCE,ACCOUNTINGukusthecostofkeepinggoodssomewhere,includingthecostsofstoringthem,insurance,taxes, etc.:
Thecompanyhas beenabletoreducetheinventorycostatitsownfactoriesand at thedealers'showroomsby 20%.
Examplesofinventory cost
inventory cost
It is closely related with endinginventorycost, which is the amount of money spent to get these goods in stock.
From
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This example is from Wikipedia and may be reused under a CC BY-SA license.But at the end, the total cost of purchases and production are added to beginninginventorycostto give cost of goods available for sale.
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This example is from Wikipedia and may be reused under a CC BY-SA license.The problem is how many units to order now to minimize the sum of setup cost andinventorycost.
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This example is from Wikipedia and may be reused under a CC BY-SA license.When this information is found, the amount of goods are multiplied by their purchase cost at their purchase date, to get a number for the endinginventorycost.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Maintaining aging inventory costs dealers both money and reputation.
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This example is from Wikipedia and may be reused under a CC BY-SA license.The actual buying and searching process is simplified and search costs, distribution costs, and inventory costs are all reduced.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Overproduction increases a companys inventory costs because of storage needs.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Low or even zero transshipment costs combined with energy efficiency and low inventory costs allow trains to handle bulk much cheaper than by road.
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This example is from Wikipedia and may be reused under a CC BY-SA license.Gain tighter control of costs, locations and routings of materials, components and assemblies to maximize production efficiency and lower inventory costs.
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This example is from Wikipedia and may be reused under a CC BY-SA license.This significantly reduces a casino's inventory costs and coin handling costs.
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This example is from Wikipedia and may be reused under a CC BY-SA license.These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.