Inventory control

10.07.2013 09:34

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Inventory control

1) Management task of keeping check on inventory of goods to ensure none go missing and that stock levels are maintained so that supplies are available where and when required.

Usually a function for computers which monitor outflows of orders (via order processing system) and inflows of new stock so are able to show automatically current stock level (in theory if no theft, etc).

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.129 (288 p.)


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