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Inventory control or stock control can be broadly defined as "the activity of checking a shop's stock". [1] It is the process of ensuring that the right amount of supply is available within a business. [2] However, a more focused definition takes into account the more science-based, methodical practice of not only verifying a business's ...
In materials management, ABC analysis is an inventory categorisation technique which divides inventory into three categories: 'A' items, with very tight control and accurate records, 'B' items, less tightly controlled and with moderate records, and 'C' items, with the simplest controls possible and minimal records.
Optical mark recognition (OMR) collects data from people by identifying markings on a paper. OMR enables the hourly processing of hundreds or even thousands of documents. A common application of this technology is used in exams, where students mark cells as their answers. This allows for very fast automated grading of exam sheets.
Material requirements planning. Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software -based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives:
The Association for Supply Chain Management (ASCM) is a not-for-profit international educational organization offering certification programs, training tools, and networking opportunities to increase workplace performance. Formed in 1957, it was originally known as the "American Production and Inventory Control Society" or APICS.
The federal Hazardous Products Act and associated Controlled Products Regulations, administered by the Workplace Hazardous Materials Bureau residing in the federal Department of Health Canada, [citation needed] established the national standard for chemical classification and hazard communication in Canada and is the foundation for the workers' "right-to-know" legislation enacted in each of ...
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