A method of inventory valuation for financial reporting purposes where a physical count of the inventory is performed at specific intervals. This accounting method for inventory valuation only keeps track of the inventory at the beginning of a period, the purchases made and the sales during the same period and is recorded under the asset section of the balance sheet.

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Global Institute Of Logistics Announces Formation Of I.t. Council Under Chairmanship Of Sap
(ContentDesk) June 29, 2005 -- The Global Institute of Logistics (G.I.L.) today announces the launch of its I.T. Council. The Council, under the Chairmanship of SAP AG, which is represented by Mr Till Dengel, Solutions Manager of SAP for Logistic Service Providers solution portfolio, will provide the global third party logistics sector with the authoritative forum through which to debate the central I.T. issues affecting the development of the industry.The Council will be made up of eight executives comprising two people drawn from each of the four different aspects of the industry: 3PL, Client, I.T. and Services.

FourSoft, the Hyderabad based Technology Company and the recipient of the Institute's 'Award of Excellence' will fill the second I.T. seat represented by Mr Palem Srikanth Reddy, Managing Director of Four SoftSpeaking at today's press conference at the industry's 3rd eyefortransport US 3PL Summit, Mr Kieran Ring, CEO at G.I.L. said:"The global third party logistics industry is in a period of consolidation. 2005 will see an end to this intense period of merger & acquisition and will see the advent of a new, more mature phase in the sector's development. Global players find themselves increasingly challenged by the need to integrate existing I.T.

solutions, who's DNA is from the legacy and client services era. The current commitments being made by 3PLs to their clients need to be easily monitored and measured. To this end more robust solutions must be available and real-time, web enabled I.T. solutions will be the order of the day.In order to facilitate a quick and easy migration to next-generation solutions in the sector, the Institute's I.T. Council will seek to inform the industry on how the future could look like, with all-party cooperation and the application of the most up to date IT thinking."The IT Council, which will meet quarterly, will commission two white papers.

The first will seek to present a concise picture of where the industry is currently and the challenges it faces. The second, which will be published in 2006, will respond to the challenges laid out in the first paper together with key recommendations and suggestions.

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Panjiva Research Reveals Manufacturers Benefit from 3D Movie Boom
Avatar’s success extends to technology manufacturers and overseas suppliers of 3D glasses. (PRWeb Mar 9, 2010)