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History for Inventory Control (history as of 08/19/2014 14:03:11)

Inventory control is the management of product-flow through the retail/ wholesale system. Inventory control is the process of adopting procedures to limit the total cost of inventory. Control procedures include balancing requests against funds which are available for items or products in inventory, purging storerooms of stock which is no longer needed and keeping an adequate stock level of items for order fulfillment. Inventory control is a major operation of a logistical company or organization which handles receiving, storage and distribution of items.

  

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