Commonly Used Terms
Allocation is the process of assigning product items from the inventory to shipping orders and then fulfilling the shipping orders from appropriate fulfilment sites such as drop-ship vendors, virtual sites, warehouses, or a retail store.
In cost accounting, distribution of costs using calculations may be unrelated to physical observations or direct or repeatable cause-and-effect relationships. Because of allocations' arbitrary nature, costs based on causal cost assignments are more relevant for management decision-making. In order management, allocation of available inventory to customer and production orders.
More From Cogoport
Schedule a personalized 1:1
Step into the future of freight forwarding with Cogoport. Experience a demo tailored to revolutionize your logistics, offering:
- Innovative Solutions: Peek into cutting-edge features redefining freight management.
- Expert Guidance: Direct insights from our seasoned pros, tailored to your business needs.
- Real Answers: Interactive session to address your unique challenges.