Glossaria.net

Glossary Supply Chain / Term

base standard

In a costing system, the initial standard established at the beginning of a fiscal year used for creating budgets and performance measurements for that period. The base standard may be frozen to provide a consistent starting point for the period; the current standard is updated to reflect changes in process or material costs during the year.

Permanent link base standard - Creation date 2021-11-03


< bar code reader Glossary / Supply Chain baseline >