Inventory Control definition

Inventory Control means the activities and techniques involved with receiving, tracking and control, care and maintenance, and issuance of inventories.
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Inventory Control means the record of the inventory in the perpetual inventory control system used by the licensee in accordance with this chapter;
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Inventory Control. The system shall maintain the inventory of all controlled, serialized items used by the DMV including, but not limited to plates, title document stock, window/plate stickers, handicap placards, drivers license/ID, etc.
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Examples of Inventory Control in a sentence

  • All purchases of equipment need to be reported to the ADHS Office of Inventory Control.

  • Subdistributor agrees to fully cooperate with and assist Distributor in such inspections and audits; and Inventory Control.

  • If Depositor defaults in the performance of any term, undertaking or obligation of this Agreement then Warehouseman may, in addition to its other available rights and remedies, immediately or at any time thereafter, terminate Depositor's access to the Alternate Inventory Control System (as defined in the C&BPs' rules and regulations (the "Rules and Regs") maintained by Warehouseman under the supervision of the C&BP.

  • Borrower shall permit Agent, its officers, employees, auditors, and other agents or designees to review the books and records of Borrower and make such other examinations and inspections as Agent in its sole discretion deems necessary to determine that Borrower is in full compliance with such Inventory Control Procedures.

  • Borrower shall maintain and at all times fully comply with the Inventory Control Procedures from the date hereof until the Loan is repaid in full.

  • Prior to the commencement of this Subaward, Subrecipient shall complete Exhibit T (Inventory Control Form) and submit it to County's Contract Manager in the time and manner as designated by County.

  • Field construction procedures including, without limitation, safety, construction means and methods, logistics, and handling of material and equipment at the Site; Inventory Control.

  • The Fund will provide to Company a daily transmission of positions and trading activity taking place in the Omnibus Accounts using Company's affiliate's proprietary Inventory Control System ("ICS").

  • The Contractor shall, as part of the Inventory Control System, maintain an Inventory/Fixed Asset Record (in an electronic tool of its choice) which shall, as a minimum, contain the information as shown in Appendix 2 to this Contract.

  • The Inventory Control System shall:  record the existence, location, operational status and condition of all inventory items, and  record the value and estimated life duration of all inventory items, and  record changes in inventory value, and  enable financial reconciliation to be made and status reports to be prepared for incorporation of the relevant data into the Agency’s annual financial accounts.

Related to Inventory Control

  • Inventory control system means a system described in Section 4-41a-103.

  • In-Transit Inventory means Inventory of a Borrower which is in the possession of a common carrier and is in transit from a Foreign Vendor of a Borrower from a location outside of the continental United States to a location of a Borrower that is within the continental United States.

  • Inventory Tracking System means the required tracking

  • Inventory Value means the cost of property purchased by the trustee and the market value of other property at the time it became subject to the trust, but the trustee may use any value finally determined for the purposes of an estate or other transfer tax;

  • Inventory Formula Amount means (i) the lesser of (x) 75% of the Value of Eligible Inventory and (y) 85% of the NOLV Percentage of the Value of Eligible Inventory plus (ii) the lesser of (x) the lesser of (1) 75% of the Value of Eligible In-Transit Inventory and (2) 85% of the NOLV Percentage of the Value of the Eligible In-Transit Inventory and (y) $10,000,000.