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MRP glossary TOP > Inventory Control > Simultaneous Stocktaking

Simultaneous Stocktaking

Simultaneous Stocktaking

It is an inventory clearance simultaneously performed for all items in warehouse, process, and subcontractors' at some point. The inventory clearance for only items in warehouse is called Warehouse Stocktaking, while that for items in process and subcontractors' is called In Process Stocktaking.


Related term: Stocktaking

Reference:JIT Business Research Mr. Hirano Hiroyuki

Simple Average Method | Inventory Control | Sleeping Stock