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Home > QFINANCE Dictionary > Definition of backlog

Definition of

backlog

Operations & Production

list of orders not yet filled the buildup of unfulfilled orders for a product or process that is behind schedule. A backlog can result from bad scheduling, production delays, an unanticipated demand for a product or process, or where the capacity of the process is not able to keep up with demand. Some large products, for example, aircraft and ships, have to be built to a backlog of orders, as it is not feasible to supply them on demand.

Definitions of ’backlog’ and meaning of ’backlog’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’backlog’ and other financial terms with our online QFINANCE Financial Dictionary.

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