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Inventory management software. Inventory management software is a software system for tracking inventory levels, orders, sales and deliveries. [1] It can also be used in the manufacturing industry to create a work order, bill of materials and other production-related documents. Companies use inventory management software to avoid product ...
Thrust vectoring, also known as thrust vector control ( TVC ), is the ability of an aircraft, rocket or other vehicle to manipulate the direction of the thrust from its engine (s) or motor (s) to control the attitude or angular velocity of the vehicle. In rocketry and ballistic missiles that fly outside the atmosphere, aerodynamic control ...
Vendor-managed inventory ( VMI) is an inventory management practice in which a supplier of goods, usually the manufacturer, is responsible for optimizing the inventory held by a distributor. Under VMI, the retailer shares their inventory data with a vendor (sometimes called supplier) such that the vendor is the decision-maker who determines the ...
An automated dispensing cabinet ( ADC ), also called a unit-based cabinet ( UBC ), automated dispensing device ( ADD ), or automated dispensing machine ( ADM) [1], is a computerized medicine cabinet for hospitals and healthcare settings. ADCs allow medications to be stored and dispensed near the point of care while controlling and tracking drug ...
The Inventory Information Approval System, or IIAS, is a point-of-sale technology used by retailers that accept FSA debit cards, which are issued for use with medical flexible spending accounts (FSAs), health reimbursement accounts (HRAs), and some health savings accounts (HSAs) in the United States. By the end of 2007, all grocery stores ...
Inventory valuation. An inventory valuation allows a company to provide a monetary value for items that make up their inventory. Inventories are usually the largest current asset of a business, and proper measurement of them is necessary to assure accurate financial statements.