Definition, Meaning & Synonyms
freight-in
noun
/freɪt ɪn/
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Definition
Freight-in refers to the cost of transportation for goods brought into a business from suppliers or manufacturers.
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Examples
- The freight-in cost significantly affects the overall budget for our inventory.
- We need to calculate the freight-in charges to determine the total product cost.
- Reducing freight-in expenses can improve our profit margins.
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Meaning
Freight-in encompasses all costs related to getting products and materials delivered to a business, including shipping fees, handling charges, and any other expenses incurred during transportation.
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Synonyms
- transportation cost
- shipping expense
- logistics cost