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A product record (or product data record) is the data associated with the entire lifecycle of a product from its conception, through design and manufacture, to service and disposal. It includes all the information used to develop, describe, manage and communicate information about products and critical linkage between relevant data elements.
This is significant especially where the original data was produced on technology at a lower level than currently possible. For example, archivists try to maintain the distinction between listening to a gramophone record played on a gramophone as opposed to a digitally cleaned version of the same recording through a modern hi-fi system.
An inactive record is a record that is no longer needed to conduct current business but is being preserved until it meets the end of its retention period, such as when a project ends, a product line is retired, or the end of a fiscal reporting period is reached. These records may hold business, legal, fiscal, or historical value for the entity ...
A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or "retained", irrespective of format (paper, electronic, or other).
In business and accounting/accountancy, perpetual inventory system or continuous inventory system describes systems of inventory where information on inventory quantity and availability is updated on a continuous/real-time basis as a function of doing business. [1]
A generic lifecycle of products. In industry, product lifecycle management (PLM) is the process of managing the entire lifecycle of a product from its inception through the engineering, design, and manufacture, as well as the service and disposal of manufactured products.
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An archive is an accumulation of historical records or materials, in any medium, or the physical facility in which they are located. [1] [2]Archives contain primary source documents that have accumulated over the course of an individual or organization's lifetime, and are kept to show the history and function of that person or organization.