- Back Order
- A customer order that has not been fulfilled. A back order generally indicates that customer demand for a product or service exceeds a company’s capacity to supply it. Total back orders, also known as backlog, may be expressed in terms of units or dollar amount.
Companies have to walk a fine line in managing their back orders. While consistently high levels of back orders indicate healthy demand for a company’s product or service, there is also a risk that customers will cancel their orders if the waiting period for delivery is too long. This is less of a risk for innovative products with strong brand recognition in areas such as technology.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
back order — ➔ order1 * * * back order UK US noun [C] COMMERCE ► a request for goods that are not available now but will be available in the future: »Unfortunately we are not able to process back orders. »Pharmacies that carried the vaccine now say it is on… … Financial and business terms
back-order — UK US noun [C] COMMERCE ► a request for goods that are not available now but will be available in the future: »Unfortunately we are not able to process back orders. »Pharmacies that carried the vaccine now say it is on back order. back order verb … Financial and business terms
back-order — [bak′ôrd΄ər] vt. to deal with as a back order … English World dictionary
back order — n. an order to be filled when stock is renewed … English World dictionary
back order — /ˈbæk ɔdə/ (say bak awduh) noun 1. an order for a publication that is placed on a back list waiting on a new print run. –adjective 2. of or relating to such a publication. –phrase 3. on back order, Colloquial listed on a back order … Australian English dictionary
back-order — /bak awr deuhr/, v.t. to treat as a back order: We have to back order your sofa until the new fabric arrives. * * * … Universalium
back-order — /bak awr deuhr/, v.t. to treat as a back order: We have to back order your sofa until the new fabric arrives … Useful english dictionary
back-order — transitive verb Date: 1950 to assign to the status of back order … New Collegiate Dictionary
back order — back′ or der n. bus an order placed for merchandise that is temporarily out of stock back′ or der, v.t. v.i … From formal English to slang
back order — noun 1. : an unfulfilled order held for future completion or delivery 2. : a new order made up of previously unavailable items of an old order … Useful english dictionary