Product Suite

Supply Chain Glossary - P

Supply Chain Glossary - P

product tree

A graphical (or tree) representation of the bill of material.

1) Gross profit-earnings from an ongoing business after direct costs of goods sold have been deducted from sales revenue for a given period. 2) Operating profit-earnings or income after all expenses (selling, administrative, depreciation) have been deducted from gross profit. 3) Net profit-earnings or income after adjusting for miscellaneous income and expenses (patent royalties, interest, capital gains) and tax from operating profit. Syn: income.


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