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Definition of projected balance

projected balance:

"A future estimated inventory balance calculated by taking the current on-hand inventory, adding scheduled receipts and subtracting requirements or allocations. In planning systems a projected balance is compared to the order point or safety stock level to determine the need to reorder. "

Get more definitions about projected balance and other ERP related terms here. Learn everything you need about ERP software here.

Terms related to projected balance:
  Capacity balance
  p chart
  project
  project calendar
  project costing
  project management
  project team
  Projected available balance
  projected life

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