Fill rate

Fill rate,

Definition of Fill rate:

  1. Percentage of customer or consumption orders satisfied from stock at hand. It is a measure of an inventorys ability to meet demand. Also called demand satisfaction rate.

How to use Fill rate in a sentence?

  1. The company prides itself on maintaining an on time order fill rate of 99.9% as a main driver behind its customer retention rate.
  2. The fill rate of the item was good and we were ready to begin the next part of the process and we were happy.
  3. The t-shirt company had enough blue t-shirts in stock to perform a twenty-five percent fill rate for their customers, and the remaining back orders had to be fulfilled by a new manufacturing order from the factory in China.

Meaning of Fill rate & Fill rate Definition