Fill Rate

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Definition: Fill Rate

Fill Rate
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Full Definition of Fill Rate

The rate at which customer orders can be filled from existing inventory within the parameters of the order request. For example, if a customer places an order for 10 units of a product, but the current inventory only allows for the immediate shipping of 7 units. The fill rate is 70%. A higher fill rate is usually equated to higher customer satisfaction.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/fill-rate/
Modern Language Association (MLA):
Fill Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 16, 2024 https://payrollheaven.com/define/fill-rate/.
Chicago Manual of Style (CMS):
Fill Rate. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/fill-rate/ (accessed: April 16, 2024).
American Psychological Association (APA):
Fill Rate. PayrollHeaven.com. Retrieved April 16, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/fill-rate/

Definition Sources

Definitions for Fill Rate are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.