Knowledge Center
- In-Transit Quantity
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A quantity that has been shipped from one fecility and yet to arrive at another facility
- Independant Demand Methods
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An assumption stating that the deamnd of one item is independant of the other
- Information System
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Definition: An information system is an integrated and coordinated network of components, which are combined together to convert data into a useful set of information. Any amount of data with basic values or facts is of no use until organized into a database and analyzed into insightful information that can answer questions or solve problems. […]
- Invalid Minimum
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an EOQ that does not fall on the valid cost curve when discounted costs are applied
- Inventory
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Typically a list of items being stocked in a warehouse or any physical facility
- Invntory Management System
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A software program to manage stock keeping and forecasting of inventory
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