take inventory

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Related to inventory: inventory accounting, inventory control, Inventory management, Inventory turnover, inventory valuation

take inventory

to make an inventory list. They are taking inventory in the warehouse, counting each item and writing the number on a list. The hardware store closed once a year in order to take inventory.
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References in periodicals archive ?
Maintenance Logic System runs on a variety of client/server platforms and includes work orders, employee scheduling, equipment repair histories, inventory control, and maintenance scheduling.
The Wilderness Society inventory shows that 934,600 acres of the remaining ancient forest are permanently protected in congressionally designated wilderness, special areas, and Research Natural Areas (RNAs); an additional 1,088,500 acres would be protected if the HCAs were adopted.
Retailers can utilize this application today independent of their existing Enterprise Resource Planning (ERP) systems and should they choose to implement RFID inventory tracking, then inventory results are verified to the buyer within seconds, without human interaction," explained Mr.
If taxpayers choose the published indexes, they must elect to use the Inventory Price Index Computation (IPIC) LIFO method as described in Regs.
Inventory results from at least one of two conditions, says Kevin Prouty, research director at AMR Research (Boston, MA).
The chemical inventory management system approach is to track each chemical container, from the point of ordering (cradle) to the point of disposal (grave), on a mass balance basis.
Auditors perrriitted coinpany officials to foflow them and record where they made test counts, making it easy for officials to falsify counts for inventory not being tested.
Unlike the result forestalled by the first amendment (the payment of an FST inventory rebate even where the FST was never imposed), the second amendment does not further the policy underlying the inventory rebate mechanism.
We are helping customers improve inventory turnover and customer-service levels while offering a reliable bolt-on solution as part of their overall enterprise software implementation.
Recent audit activity indicates the IRS will require taxpayers to use one of the simplified methods (SPM or SRM) when it determines that a taxpayer is using a facts-and-circumstances method that does not allocate costs to specific inventory items.
Rexnord reduced its 1977 and 1978 ending inventory by the goods it had sold to S.
FreeFlow's technology enables the transformation of inventory management processes and inventory flow.
This item discusses the IRS's views on inventory issues, including purchased and produced goods pooling under the LIFO inventory price-index computation (IPIC) method, maintaining required inventory records and reporting trade discounts and allowances.
39, Audit Sampling, to test inventory substantively.
ToolsGroup has been driving down the cost of entry for small-to-medium sized companies looking to optimize inventory performance.