Backlog

Posted in Operations and Supply Chain Terms, Total Reads: 5930
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Definition: Backlog

Backlog generally deals with the time study of a business. It refers to any order for a product or service that is accumulating as a result of being delayed and not being able to be met on time.

An important fact to note here is that there can be a backlog only if the product/service has an expected time of delivery, if there is no expected time of delivery, a product would never be delayed and hence, no backlog.


Example

If a company receives an order for car with an expected delivery time of 1 week and it is not able to meet the time stipulation then that order after the due date has passed would be known as a backlog.


Search & Explore : Management Dictionary

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