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1 quantity variance
The difference between an ordered product quantity and a received product quantity when no more receipts are expected. -
2 quantity variance
The difference between an ordered product quantity and a delivered product quantity when no more deliveries are expected. -
3 overdelivery
"A limit, specified as a percentage of quantity ordered, for how much the purchaser will accept over the amount ordered. Overdelivery typically applies to bulk items." -
4 underdelivery
"A limit, specified as a percentage of quantity ordered, for how much the purchaser will accept under the amount ordered. Underdelivery typically applies to bulk items." -
5 subtotal
"The adjusted price value multiplied by the quantity of products ordered, providing an overall sale value." -
6 PO
"A formal request for goods or services. The purchase order shows the quantity of goods or services ordered, expected receipt date, and supplier name. The purchase order may also include other information pertaining to the delivery of the goods or services."PO
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