Inventory controls definition

Inventory controls means techniques used to identify a loss of product that are based on volumetric measurements in the tank and reconciliation of those measurements with product deliv- ery and withdrawal records.
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Inventory controls means techniques used to identify a loss of regulated substances that are based on volumetric measurements in the tank and reconciliation of those measurements with product delivery and withdrawal records.
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Inventory controls means the techniques used to identify a loss of product that are based on volumetric measurements in the underground storage tank and reconciliation of these measurements with hazardous substance delivery and withdrawal records.
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Examples of Inventory controls in a sentence

  • The Agent for the benefit of the Lenders ------------------- shall have received a satisfactory inventory valuation indicating the fair market value of the Company's current finished goods Inventory, sufficient in the Agent's reasonable judgment, to support the proposed financing arrangement and/or a satisfactory review of Inventory controls and reporting procedures conducted by an independent third party acceptable to the Agent.

  • Inventory controls, receipt of purchase orders and transfers, item management – it’s all possible and it’s all portable with Mobile Manager.

  • The Agent for the benefit of the Lenders shall have received a satisfactory inventory valuation indicating the fair market value of the Company's current finished goods Inventory, sufficient in the Agent's reasonable judgment, to support the proposed financing arrangement and/or a satisfactory review of Inventory controls and reporting procedures conducted by an independent third party acceptable to the Agent.