What does inventory control mean?
Definitions for inventory control
in·ven·to·ry con·trol
This dictionary definitions page includes all the possible meanings, example usage and translations of the word inventory control.
Princeton's WordNet
inventory controlnoun
supervision of the supply and storage and accessibility of items in order to insure an adequate supply without excessive oversupply
ChatGPT
inventory control
Inventory control refers to the process of managing, overseeing, and organizing the storage, purchase, use, and disposal of products or components within a company. This includes tracking and analyzing stock levels, forecasting future demands, determining optimal re-order points, and ensuring the right amount of goods are available at the right time to meet customer demand, ultimately minimizing inventory costs and maximizing sales and customer satisfaction.
Dictionary of Military and Associated Terms
inventory control
That phase of military logistics that includes managing, cataloging, requirements determinations, procurement, distribution, overhaul, and disposal of materiel. Also called inventory management; materiel control; materiel management; supply management.
Editors Contribution
inventory control
To create and manage the inventory of a business, company, enterprise, organization or a form of unity assembly, unity council, unity legislature, unity senate, unity house of representatives, unity government, local unity government, regional unity government, national unity government, european unity government and international unity government.
The company decided to invest in a new inventory control software to increase efficiency.
Submitted by MaryC on August 27, 2015
Matched Categories
Numerology
Chaldean Numerology
The numerical value of inventory control in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of inventory control in Pythagorean Numerology is: 5
Translations for inventory control
From our Multilingual Translation Dictionary
- BestandskontrolleGerman
- सूची नियंत्रणHindi
- Controlul inventaruluiRomanian
- kiểm soát hàng tồn khoVietnamese
Get even more translations for inventory control »
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"inventory control." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/inventory+control>.
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