Average Selling Price (ASP)

Average Selling Price (ASP)

The price at which a product is usually sold.

It is calculated for the product across distribution channels, category or even the market as a whole.

Related Terms

Bulk Stacking

Optimal way to story inventory in a vertical manner when there is large quantities or excess

Market Basket Analysis

A data mining tool used to identify patterns of items frequently purchased together by analyzing transaction

Just in time inventory

An inventory management that is focused on optimizing inventory levels by receiving raw materials and components