First Known Use of back-order
Definition of back order
Examples of back order in a Sentence
The book I want to buy is a back order and won't be shipped for three weeks.
The book I want to buy is on back order and won't be shipped for three weeks.
First Known Use of back order
Financial Definition of BACK-ORDER
What It Is
A back order is an order that cannot be filled in the usual time expected.
How It Works
John Doe purchases 10 tractors from a tractor dealer. The retailer has four on hand to ship; it has to wait for the factory to make the rest, which could take three or four months. The six missing tractors are back orders, and John Doe will receive them later.
Why It Matters
Many companies cannot easily predict how products will move. Though back orders can be an occasional side-effect of just-in-time inventory and other efforts at efficient operations, back orders are usually not great for customer relations -- particularly during the holidays or for products that are "hot." Some companies measure their back order activity as part of their efforts to analyze inventory and purchasing. After all, a back order might indicate that a company has a hot product, but too many back orders can send customers into the arms of competitors.
BACK-ORDER Defined for English Language Learners
Definition of back order for English Language Learners
business : a product that has been ordered but not sent to the customer because it is not yet available
Seen and Heard
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