Per-item

Relating to or concerning each individual unit or instance of something. This term is typically used in contexts involving pricing, costing, or distribution where charges, measurements, or values are applied to single units. It specifies a rate or value assigned to a single, discrete element within a larger quantity or collection. The concept emphasizes the breakdown of a whole into its constituent parts for individual assessment and calculation. This allows for granular control and understanding of costs, profits, or other relevant metrics on a unit-by-unit basis.

Per-item meaning with examples

• The restaurant charged $5 per-item for takeout containers, leading some customers to request their food be wrapped in their own materials. This approach helped the restaurant streamline the purchasing process. Understanding the per-item cost allowed the business to manage waste effectively and monitor profitability across different menu items.
• When shipping fragile goods, the company assessed a handling fee of $2 per-item. This surcharge covered the additional care required for each individual package. The per-item charge was added to prevent significant loss of fragile material. Detailed tracking, the per-item costs made the company transparent on the full shipping prices for the customer.
• The project's budget allocated $10 per-item for office supplies. The lead project managers used this as a tool to track the spending and budget for each item. This method helped the team track the supply and distribution requirements on a per-unit basis, thus allowing them to manage costs effectively, and remain within budget
• The software calculated the commission paid to the sales team at a rate of 3% per-item sold. This incentivized the team to sell each unit with strong motivation. This incentive approach fostered a direct relationship between individual performance and financial reward, boosting individual sales. The sales manager found this approach effective, in tracking each employee's contribution
• The retailer analyzed the profit margin per-item to identify the most profitable product lines. By focusing on the profitability metrics, the retailer gained important product sales data. They can adjust pricing strategies and optimize inventory management for the best results. The financial team found these metrics helped improve the overall sales of the company.