a prescribed set of well-defined rules or processes for solving a problem in a finite number of steps (e.g., the full statement of the arithmetic procedure for calculating the reorder point).
ln transportation, the costs related to issuing invoices or bills. These amounts can be reduced by combining shipments in an order to limit transportation frequency.
The assignment of costs that cannot be directly related to production activities via more measurable means (e.g, assigning corporateexpenses to different products via direct labor costs or hours).