Glossary entry (derived from question below)
Spanish term or phrase:
merma de inventario
English translation:
inventory shrinkage
Added to glossary by
Alan Lambson
Mar 15, 2002 06:08
22 yrs ago
24 viewers *
Spanish term
merma de inventarios
Spanish to English
Bus/Financial
The meaning is plain enough: a reduction of inventory.
However, are there any production engineering types out there who can tell me whether this term corresponds to the English term "inventory shrinkage"? This term refers to reductions in inventory other than those that come about through normal transactions, such as theft, breakage, misplacement, or plain old mysterious causes. The document, by the way, is from Mexico.
However, are there any production engineering types out there who can tell me whether this term corresponds to the English term "inventory shrinkage"? This term refers to reductions in inventory other than those that come about through normal transactions, such as theft, breakage, misplacement, or plain old mysterious causes. The document, by the way, is from Mexico.
Proposed translations
(English)
5 +1 | shrinkage | Jane Lamb-Ruiz (X) |
4 | Wastage | Jennifer Callahan |
4 | inventory decrease or decrease in inventory | Sery |
1 | downsizing inventory? | Terry Burgess |
Proposed translations
+1
16 hrs
Selected
shrinkage
merma is for types of inventory that can change, be reduced but that is not because of sales or whatever, it's precisely because of something like shrinkage, evaporations etc. I am not sure how accountants refere to this type of inventory change
I just spoke to an accountant and he's says that it is referred at least in the food industy as SHRINKAGE
I just spoke to an accountant and he's says that it is referred at least in the food industy as SHRINKAGE
Peer comment(s):
agree |
Cristina Leal
: I agree on Shrinkage https://www.accountingcoach.com/blog/what-is-inventory-shrin...
5599 days
|
4 KudoZ points awarded for this answer.
Comment: "I rather expected that this was the answer, and also was able to confirm it independently. I studied inventory management 20 years ago in an MBA program and knew the term "inventory shrinkage", just not whether it applied here.
Thanks for your confirmation!"
58 mins
downsizing inventory?
Again Alan, to see it in an actual sentence would help a great deal.
Luck!
terry
Luck!
terry
Reference:
4 hrs
Wastage
just another possibility to consider
7 hrs
inventory decrease or decrease in inventory
biz.yahoo.com/prnews/020124/nyth041_1.html
The company also indicated that, aided by significant inventory reductions, fourth quarter cash from operations was very strong, reaching $118 million and exceeding levels realized in the fourth quarter a year ago. Free cash flow (after capital expenditures and dividends) was $80 million, matching the $80 million generated last year. Mr. Trani added: ``Stanley's inherent cash-generating ability remains apparent. Our sequential inventory decrease, which was the result of improved planning and inventory disposition, was particularly important. We have every expectation that 2002 will show greater working capital efficiency and further enhanced cash generation.''
Saludos, Sery
The company also indicated that, aided by significant inventory reductions, fourth quarter cash from operations was very strong, reaching $118 million and exceeding levels realized in the fourth quarter a year ago. Free cash flow (after capital expenditures and dividends) was $80 million, matching the $80 million generated last year. Mr. Trani added: ``Stanley's inherent cash-generating ability remains apparent. Our sequential inventory decrease, which was the result of improved planning and inventory disposition, was particularly important. We have every expectation that 2002 will show greater working capital efficiency and further enhanced cash generation.''
Saludos, Sery
Discussion
Translation so far:
Intelligent cycle counting: The system must be able to indicate to the store leader the number of articles to inventory on a daily basis. These counts are carried out to correct variances (through adjustments) and to maintain the accuracy of the information to be used by the demand forecasting module. The information items to be taken into account by intelligent cycle counting are: accuracy of the information, previous inventory ??shrinkages??, inventory turnover rate, and confidence level (loss prevention).