Holding Cost (Inventory)
The total cost of owning
and keeping inventory (e.g., warehouse costs,
opportunity cost, insurance, and shrinkage).
See also: Carrying Cost.
The process of making things
similar or uniform.
A token of appreciation in
recognition of acts or professional services.
The merger of
organizations or functions that are operating
in the same industry and at similar levels.
1. Broad-based training to develop employee
diversification and focus on special skills.
3. Training that provides experience with those
who can share the corporate knowledge base
needed to continue the evolution of the
profession. Also known as cross training.
1. The amount charged for an hour of labor;
includes wages, all indirect costs, and profit.
2. CANADIAN The hourly rate of pay for the
classification as established in the
The economic value of the
knowledge, skill, and experience possessed
by the workforce.
1. Labor, or the effort by a workforce to produce
goods or services.
2. The knowledge, skills, and abilities the
workforce uses to produce goods or services.
Contract containing both goods