obsolete inventory

This included a $94 million write-off because of obsolete inventory.

If the order is less, it must also pay a proportional penalty for the remaining obsolete inventory.

With these types of contracts the supplier offers that it will buy back the remaining obsolete inventory at a discounted price.

It cited deficiencies that prevented the company from identifying and disposing of obsolete inventory.

The net loss included a one-time charge of $186 million to establish a reserve for aircraft no longer in use and for obsolete inventory.

Obsolete inventory scars balance sheets.

The transactions involved the purported sale of slow moving or obsolete inventory to business partners coupled with secret buy-back provisions.

"The charge was staggering, but it isn't for anything bad, like obsolete inventory or equipment," Mr. van Dorsten said.

Many people awaiting revisions have deferred purchases, so retailers are stuck with obsolete inventories, quaint artifacts of a 20th-century world that was but is no more.

Wholesale Distribution Companies who speculatively purchase excess inventories from component end-users and facilitate the redistribution of surplus, excess, and obsolete inventory.

Long supplier lead times can incur "hidden" costs such as high inventory, freight cost for rush shipments, unplanned engineering changes creating obsolete inventory, and reduced flexibility to respond to demand changes.

In manufacturing this can be done by recycling the packing materials, by selling the obsolete inventory of one industry to the industry who is looking to buy unused items at lesser price to become competitive.

"Pure Role-Play" Negotiation War Games have also been shown to ensure significantly lower prices in procurement negotiations, and greater writedowns in auditor vs. client negotiations concerning obsolete inventory.

Included in Nortel's loss this quarter are charges of $750 million for obsolete inventory, $750 million for provisions related to customer financing and receivables and $400 million for the decline in value of investments.