| NOUN | act | inventory control | supervision of the supply and storage and accessibility of items in order to insure an adequate supply without excessive oversupply |
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| Meaning | supervision of the supply and storage and accessibility of items in order to insure an adequate supply without excessive oversupply. | |
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| Broader | internal control | An accounting procedure or system designed to promote efficiency or assure the implementation of a policy or safeguard assets or avoid fraud / fraud and error etc. |
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