inventory control

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Definitions from WordNet

Noun inventory control has 1 sense

inventory control - supervision of the supply and storage and accessibility of items in order to insure an adequate supply without excessive oversupply
--₁ is a kind of internal control

Definitions from the Web

Term: Inventory Control

Description: Inventory control refers to the management and monitoring of a company's inventory to ensure efficient and accurate stock levels. It involves the tracking, organizing, and maintaining of inventory in order to optimize operations and prevent stockouts or overstocks.

Senses and Usages:

Noun: The process or system of managing and overseeing the flow of goods or products within a business, including tracking and controlling inventory levels.

Example sentence: Implementing effective inventory control is crucial for maintaining a healthy supply chain and minimizing costs.

Noun: The methods or techniques used to regulate and manage inventory efficiently, such as adopting software-based solutions or implementing standardized procedures.

Example sentence: Investing in advanced inventory control systems can greatly enhance the accuracy and speed of inventory management.

Verb: The act of managing and monitoring inventory levels to ensure smooth operations and prevent stock discrepancies.

Example sentence: The warehouse manager diligently inventory controlled the incoming and outgoing shipments to avoid any stock shortages.

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