Glossary

A glossary is a dictionary of terms specific to a certain subject. A biology textbook might have a glossary in the back, so you can quickly look up all those technical words.

Holding Costs

Updated on 2023-08-29T11:57:07.673622Z

Holding costs are the added costs associated with keeping and maintaining an inventory over the course of a year that remains unsold. Holding cost comprises a part of total inventory costs, coupled with the ordering as well as shortage costs.