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TeachMeFinance.com - explain inventory control point inventory control point 'inventory control point' is an military term. It means '(DOD) An organizational unit or activity within a Department of Defense supply system that is assigned the primary responsibility for the materiel management of a group of items either for a particular Service or for the Defense Department as a whole. Materiel inventory management includes cataloging direction, requirements computation, procurement direction, distribution management, disposal direction and, generally, rebuild direction. Also called ICP'. Previous 5 Terms: intratheater patient movement - intruder intrusion invasion currency_ inventory control _ Next 5 Terms: inventory management - inventory managers ionizing radiation ionosphere_ irregular forces _ Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.