fill rate

fill rate definition - business

fill rate

The proportion of orders that can be immediately met by available inventory. Increased customer satisfaction associated with a high fill rate must be weighed against the higher expense of maintaining a greater depth and breadth of inventory. See also just-in-time inventory.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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