Balance of contract

Balance of contract is a term used in the retail industry. Retailers contract with their suppliers to supply a quantity of product in a specified time period to a specific location at an agreed price. The retailer "calls off" the production of the product to match the expected or actual sales curves, depending on the stage in the life-cycle of the product. At any one point in the life-cycle of the product, the "balance of contract" is the undelivered portion of the contract to which the retailer is committed in the future.

单词	Balance of contract
释义	Balance of contract 英语百科 Balance of contract Balance of contract is a term used in the retail industry. Retailers contract with their suppliers to supply a quantity of product in a specified time period to a specific location at an agreed price. The retailer "calls off" the production of the product to match the expected or actual sales curves, depending on the stage in the life-cycle of the product. At any one point in the life-cycle of the product, the "balance of contract" is the undelivered portion of the contract to which the retailer is committed in the future.
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