Definition of Fill rate:
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?
- The company prides itself on maintaining an on time order fill rate of 99.9% as a main driver behind its customer retention rate.
- The fill rate of the item was good and we were ready to begin the next part of the process and we were happy.
- 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