what is the difference between scale and inventory?
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Scale is commonly used with respect to attitudes or constructs for which there is not a correct response, but demands endorsing of an alternative among the presented. Inventory is more often used to measure personality traits and vocational tendencies, for instance.
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The difference between economies of scale and returns to scale is that economies of scale show the effect of an increased output level on unit costs, while the return to scale focus only on the relation between input and output quantities.
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As nouns the difference between scaling and zooming is that scaling is the removing of the scales of fish while zooming is a sound or motion that zooms.
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As nouns the difference between stock and reserve is that stock is a store or supply while reserve is (label) restriction. As verbs the difference between stock and reserve is that stock is to have on hand for sale while reserve is to keep back; to retain.
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What is Logistics & Inventory Management? The dictionary defines logistics as the detailed coordination of a complex operation involving many people, facilities, or supplies. ... Inventory management considers a number of complex variables including; risk, lead time, cost, location, transport, and service levels.
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Scale (chemistry), the range of mass or volume of a chemical reaction or process.
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Lot : A group (qty) of material, which has same parameters across all groups(lots) of materials. ... Batch: A group (qty) of material, which has similar/different parameters across all groups (batches) of materials. Parameters of these batches will be similar or different but not the same as of each others.
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While stocktaking is the physical process of verifying the quantity and quality of the inventory on hand, stock checking is the process that ensures that the stock levels are sufficient to meet the demands of the customers without a delay in the delivery.
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As nouns the difference between estimate and gauge is that estimate is a rough calculation or guess while gauge is a measure; a standard of measure; an instrument to determine dimensions, distance, or capacity; a standard.
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The difference between planned and actual expenditure is unplanned inventory investment. When firms sell less of their product than planned, stocks of inventories rise. Because of this, actual expenditure can be above or below planned expenditure.
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As nouns the difference between supply and backlog is that supply is (uncountable) the act of supplying while backlog is an accumulation or buildup, especially of unfilled orders or unfinished work.
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A spring scale measures distance that the object is displaced, whereas a beam scale balances the object against another mass. Both measure the mass of an object, although this is commonly referred to as the weight of an object.
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Perpetual inventory continuously tracks and records items as they are added to or subtracted from the inventory. And it keeps track of the cost of goods purchased and sold. Physical inventory uses a periodic schedule to manually count and record items and keep track of the cost of what's bought and sold.
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Reason: The following are the difference between stock and supply. Stock refers to entire quantity of a commodity which is in the custody of the seller. ... Supply refers to the quantity of a commodity offered for sale at a given price and at a given time and place.
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Model and toy trains are classified according to scale and gauge. “Scale” describes the size of a miniature in proportion to its full-size prototype. “Gauge” refers to the distance between the rails of the track. The largest model trains are collectively referred to as “large scale” trains.
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Terms in this set (34) The primary difference between the periodic and perpetual inventory systems is: The perpetual system maintains a continual record of inventory transactions, whereas the periodic system records these transactions only at the end of the period.
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Reorder level is the stock level of a particular item of inventory, at which a firm needs to place an order for the fresh supply or replenishment of the item; whereas reorder quantity is the magnitude or the number of units to be ordered in a new purchase order for the fresh supply of a particular inventory item.