Examlex
LIS interfaces is an important component in automation because of its potential in:
Inventory Activity
This involves all movements or transactions related to inventory, including purchases, sales, returns, and write-offs, which affect the stock levels.
Beginning Inventory
The value of a company's inventory at the start of an accounting period, used to calculate cost of goods sold.
Inventory Costs
The costs associated with purchasing, managing, and storing inventory until it is sold or used in production.
Raw Materials
The basic materials from which a product is made, typically unprocessed or minimally processed resources used in manufacturing.
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