Category: I
Inventory
Definition: What is Inventory? Inventory includes all of the raw materials, work-in-process goods and completely finished goods listed as part of assets of a business, either ready or to be ready for sale. It is one of the most important assets for most businesses. It is the turnover of inventory that represents one of the …
Impact Alarm
Definition: What is an Impact Alarm? Impact alarm devices are designed to warn operators of material handling equipment of imminent danger to their machinery getting in contact with any kind of obstacles in their path. These devices use a wide array of detecting sensors, from mechanical antennae (known as pigtails in the impact alarm industry) …
