Inventory Variation definition

Inventory Variation means any Inventory Overage or Inventory Shortage, adjusted from retail value to cost as specified in Exhibit D. Inventory Variation is debited or credited, as applicable, to Operating Expenses.
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Examples of Inventory Variation in a sentence

  • The Reference Inventory Level for a given Day is a quantity of energy equal to the sum of the Reference Inventory Level for the previous Day and the Reference Inventory Variation for the Day in question.

  • For a given Day, the Inventory Level is a quantity of energy equal to the algebraic sum of the Inventory Level for the previous Day and the Inventory Variation for the Day in question.

  • Out Ratio for every Month is a positive value defined as the ratio of: o the total Energy Content scheduled for Unloading by the Shipper over the period, minus the Energy Content scheduled for Reloading and Reference Inventory Variation over this period, to; o the total Energy Content scheduled for Unloading by all Shippers over the period, minus the Energy Content scheduled for Reloading and these shippers’ total Reference Inventory Variations over this period.