On-Order Materials or Materials
Materials that have been ordered but have not yet been received or placed in inventory.
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What are On-Order Materials or Materials?
On-order materials or materials refer to goods or materials that have been ordered by a company but have not yet been received or paid for. In the shipping context, on-order materials may be tracked as part of a company’s inventory management system to ensure that sufficient inventory is available to meet production or sales needs. The shipping of on-order materials may also be arranged in advance to ensure that the materials are delivered on time and in the proper quantities.
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