Inventory Control Terms

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Across
  1. 2. used when having sales and timed promotions
  2. 4. total calculation of inventory movement through a formula
  3. 7. order replenishment is based upon time
  4. 8. inventory valuation -oldest inventory must ship out first
  5. 11. order replacement is based upon current inventory, scheduled delivery dates, and production schedule
  6. 12. when everything in the warehouse is counted
  7. 13. a good in various stages of completion in the manufacturing process
Down
  1. 1. same quantity is ordered on each order
  2. 3. items or extracted materials that are converted via manufacturing into products
  3. 5. when product flows in the opposite direction (think return)
  4. 6. classifications of how quickly material moves in and out of the warehouse
  5. 9. inventory is counted 8,4, or 2 times a year
  6. 10. right amount, right time, and the right product
  7. 12. warehouse management system used to track all inventory movement
  8. 14. the process of identifying materials, managing storage space, and tracking material