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Supply Chain
| Term | Definition |
|---|---|
| Stock/Inventory | The goods or merchandise kept on the premises of a shop or warehouse and available for sale or distribution. |
| Demand | Desire for certain good or service supported by the capacity to purchase it. |
| Costing | System of computing cost of production or of running a business, by allocating expenditure to various stages of production or to different operations of a firm. |
| Barriers to entry | Economic, procedural, regulatory, or technological factors that obstruct or restrict entry of new firms into an industry or market. |
| Transportation | Any device used to move an item from one location to another. Common forms of transportation include planes, trains, automobiles, and other two-wheel devices such as bikes or motorcycles. |
| Supplier | A party that supplies goods or services. A supplier may be distinguished from a contractor or subcontractor, who commonly adds specialized input to deliverables. Also called vendor. |
| Manafacturer | Entity that makes a good through a process involving raw materials, components, or assemblies, usually on a large scale with different operations divided among different workers. Commonly used interchangeably with producer. |
| Distributors | A person, firm, etc., engaged in the general distribution or marketing of some article or class of goods. |
| Wholesaler | Person or firm that buys large quantity of goods from various producers or vendors, warehouses them, and resells to retailers. Wholesalers who carry only non-competing goods or lines are called distributors. |
| Retailer | A business or person that sells goods to the consumer, as opposed to a wholesaler or supplier, who normally sell their goods to another business. |
| Billing | the total amount of the cost of goods or services billed to a customer, usually covering purchases made or services rendered within a specified period of time. |
| Warehousing | (storage) The act of storing goods |