Once a vendor is selected for a product, the vendor's identity is recorded in the inventory master file.
An item master records all vital information about a particular inventory item. This includes date of manufacture, brief description of inventory item, dimensions (height, weight, etc.), cost, and current inventory information.
An inventory file is typically a document that contains an electronic list of all items in a company's inventory, including items that are in stock or expected to be in stock soon. Items are listed and identified by category and classified into specific inventory groups based on the item's attributes.
A master file is the main file that contains a relatively permanent record of a particular item or entry. For example, a customer file contains customer details such as customer ID, name, and contact address.
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