top of page
Waste
Definition
Product discarded due to expiration, spoilage, damage, quality defects, or operational errors. Waste includes both physical product loss and the associated financial impact and is monitored to improve supply chain efficiency.
How It's Calculated
Units wasted × cost or wholesale value.
Example
A grocery store reports 300 pounds of produce as waste after it exceeds freshness standards and must be removed from shelves.
Can't find what you're looking for? Suggest a term.
bottom of page