a large number of things you have to do or deal with that has increased over a period of time: She has a three-week backlog of work. Consider a company that sells printed T-shirts. The trend line of the backlog can be monitored to see if it changes over time. Managerial accounting is the practice of analyzing and communicating financial data to managers, who use the information to make business decisions. A backlog is present when the production capacity of a business is less than the rate at which orders are being received. It may, for example, refer to a company's sales orders waiting to be filled or a stack of financial paperwork, such as loan applications, that needs to be processed. In a product development context, it contains a prioritized list of items that the team has agreed to work on next. 2002 © HarperCollins Publishers 1995, 2002 They request that the order get shipped to them on November 1. A backlog is the aggregate sale value of all received customer orders that have not yet been shipped.
Say a customer places an order on September 1. An increasing backlog indicates a substantial order book that will eventually translate into future … This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.https://financial-dictionary.thefreedictionary.com/backlogAnalyze the data to generate short-and long-term recommendations for reducing--if not eliminating--the deferred maintenance Total Living Construction, Springfield, Va., generally has a six-month to one-year The president and CEO of the company, I'll call her Janet, lamented about these issues when she confided being concerned that instead of having a constant Salazar has earlier called on the City Council to enact an ordinance appropriating funds for land banking and resettlement, including resolutions for the approval of the local shelter plan to address the In her weekly radio show, Robredo called out Solicitor General Jose Calida for the more than a million In a statement, McDermott said it noted a "record-level order intake" during Q2 2019, resulting its highest A backlog is a buildup of work that needs to be completed. Reducing lead time in manufacturing can increase output and revenue. a build-up of customer orders which a firm has agreed to deliver at specified future dates. Capacity requirements planning (CRP) is the process of discerning a firm's available production capacity and whether it can meet its production goals. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Lead time is the amount of time from the start of a process until its conclusion. a backlog of orders a growing / huge backlog
Ideally, this is a large number because you have many customers who have given you orders they want shipped.
Dictionary of Financial Terms RSS Feed for Backlog Definition Backlog includes any order a supplier may have on its books, even if product is scheduled to be shipped a year in advance. Collins Thesaurus of the English Language – Complete and Unabridged 2nd Edition. On the other hand, companies generally want to avoid having a backlog as it could suggest increasing inefficiency in the production process. In real estate, a short sale is when a homeowner in financial distress sells his or her property for less than the amount due on the mortgage. Likewise, a falling backlog might be a portentous sign of lagging demand but may also signify improving production efficiency. It has the capacity to print 1,000 T-shirts each day.
backlog. Because the company is receiving more orders each day than it has the capacity to fill, its backlog grows by 1,000 shirts per day until it raises production to meet the increased The term backlog is used to indicate the existing workload that exceeds the production capacity of a firm or department, often used in construction or manufacturing. backlog. Backlog definition, a reserve or accumulation, as of stock, work, or business: a backlog of business orders. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Typical items on a product backlog include user stories, changes to existing functionality, and bug fixes.
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