RECENT NEWS
Tax law unclear due to amendment backlog: AG
CBC.ca  Nov 3  Comment 
The Canadian tax system is convoluted in part because Ottawa has failed to enact amendments clarifying tax laws dating as far back as 2001, the auditor general's report released Tuesday found.
Thor Industries (THO) Reports Preliminary Sales and Backlog Data
StreetInsider.com  Nov 3  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Thor+Industries+%28THO%29+Reports+Preliminary+Sales+and+Backlog+Data/5069920.html for the full story.
Royal Mail and union agree to fresh talks
guardian.co.uk  Oct 24  Comment 
Postal firm and striking workers accept TUC invitation to negotiate deadlock over jobs, pay and modernisation Fresh talks aimed at ending the bitter dispute between Royal Mail and postal workers will be held on Monday following the intervention...
Royal Mail to hire 30,000 to cope with backlog
Financial Times  Oct 18  Comment 
Union says decision by postal operator to double annual intake of temporary seasonal staff is provocative
Highlights From GE's Q3 Conference Call: Global Environment Improving; Backlog Grew by $5 Billion
StreetInsider.com  Oct 16  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Corporate+News/Highlights+From+GE%27s+Q3+Conference+Call%3A+Global+Environment+Improving%3B+Backlog+Grew+by+%245+Billion/5022832.html for the full story.
Patent Office Takes Aim at Backlog
Wall Street Journal  Oct 10  Comment 
The Patent and Trademark Office has started to overhaul the patent-application process, seeking to help the Obama administration earn some good will with the business community.
SME Corp to clear backlog applications
Business Times - Malaysia  Oct 2  Comment 
SME Corp Malaysia, formerly known as the Small and Medium Industries Development Corporation (SMIDEC), is optimistic of clearing about 5,000 backlog applications for grants by November.
Kaufman Bros. Upgrades American Superconductor (AMSC) to Buy; Backlog Growing
StreetInsider.com  Sep 30  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/Kaufman+Bros.+Upgrades+American+Superconductor+%28AMSC%29+to+Buy%3B+Backlog+Growing/4979746.html for the full story.
(AMM) Project cancellation hits Northwest Pipe backlog
Metal Bulletin  Sep 25  Comment 
Northwest Pipe Co.'s backlog will take a hit from the cancellation of a nuclear energy project in Ohio.
Backlog mounts as postal strikes grip UK
Sydney Morning Herald  Sep 17  Comment 
In Britain, the cheque is in the mail - for the indefinite future.
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This article is part of WikiProject Definitions. Consider editing to improve it. View articles referencing this definition.
 
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Michael Mitchell

This is the total value of sales orders that have not been completed.

This metric is commonly used in various Manufacturing industries to determine the value of incomplete or outstanding orders. Backlogs generally occur because of a shortage of labor and/or supplies.

Backlog is calculated by multiplying the sales price of all outstanding orders. For example, if Boeing can make one aircraft per day but receives an order for 4 planes priced at $1,000 each one day, its backlog at the end of the day will be $3,000 (3*$1,000).

An increasing backlog could mean that the company's sales are higher than usual or the company is experiencing production issues. A declining backlog could mean that the company's sales are decreasing or the company's production efficiency has improved.

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