inventory management process
IRI: https://spec.industrialontologies.org/ontology/construct/InventoryManagementProcess
Defined In: https://spec.industrialontologies.org/ontology/supplychain/SupplyChain/
SubClass Of: business process
Class Hierarchy
owl:Thing › bfo:entity › bfo:occurrent › bfo:process › planned process › business process › inventory management process
Definition
business process that consists of the activities required for controlling, tracking, recording, and planning inventories
Explanatory Notes
1- The process of ensuring the availability of products through inventory administration [CSCMP] 2-The branch of business management concerned with planning and controlling inventories [APICS]
Examples
- A collection of tasked carried out in IKEA that ensures optimal inventory levels of raw material and finished products at all times.
Primitive Class
This class is declared primitive and it does not have necessary and sufficient condiftions defined.
Primitive Rationale
The required constructs for creation of a formal definition are not available in this release.
Formal Axioms
First-Order Logic Axioms
InventoryManagementProcess(x) → BusinessProcess(x)
Semi-Formal Natural Language Axioms
if x is an ‘inventory management process’ then x is a ‘business process’