Knowledge Center

A B C D E F G H I J K L M N O P U V W Y
In-Transit Quantity

A quantity that has been shipped from one fecility and yet to arrive at another facility

Independant Demand Methods

An assumption stating that the deamnd of one item is independant of the other

Informations System

A system within organizations to support operations and descision making.

Invalid Minimum

an EOQ that does not fall on the valid cost curve when discounted costs are applied

Inventory

Typically a list of items being stocked in a warehouse or any physical facility

Inventory Classification

Grouping of Inventory with respect to predetermined charatertics

Invntory Management System

A software program to manage stock keeping and forecasting of inventory