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MRP glossary TOP > Inventory Control > Inventory

Inventory

Inventory

It refers to the situation where items are stored in the place controlled as a warehouse. These items are called inventory goods. The inventory is usually controlled in two forms: the physical inventory (actually at warehouse) and the book inventory (on the ledger sheet). In order to improve MRP's planning accuracy, the inconsistency (or the difference) between them should be reduced.

Reference:JIT Business Research Mr. Hirano Hiroyuki

In Process Stocktaking | Inventory Control | Inventory Control Method