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What (who) is Inventory - definition

GOODS HELD FOR RESALE

Distressed inventory; Merchandise to resell; Stock in trade; Inventory Management; Business inventory; Death inventory; Inventories; Cycle stocks; Virtual inventory; Buffer stocks

inventory

n.

1) to make an inventory (of); to take (an) inventory (of)

2) to reduce (an) inventory (by having a sale)

3) an annual inventory

4) closed for inventory

Inventory

·vt To make an inventory of; to make a list, catalogue, or schedule of; to insert or register in an account of goods; as, a merchant inventories his stock.

II. Inventory ·noun An account, catalogue, or schedule, made by an executor or administrator, of all the goods and chattels, and sometimes of the real estate, of a deceased person; a list of the property of which a person or estate is found to be possessed; hence, an itemized list of goods or valuables, with their estimated worth; specifically, the annual account of stock taken in any business.

inventory

n.

List (as of the goods of a merchant or of a deceased person), roll, schedule, record, account, register. See catalogue.

Wikipedia

Inventory

Inventory (American English) or stock (British English) refers to the goods and materials that a business holds for the ultimate goal of resale, production or utilisation.

Inventory management is a discipline primarily about specifying the shape and placement of stocked goods. It is required at different locations within a facility or within many locations of a supply network to precede the regular and planned course of production and stock of materials.

The concept of inventory, stock or work in process (or work in progress) has been extended from manufacturing systems to service businesses and projects, by generalizing the definition to be "all work within the process of production—all work that is or has occurred prior to the completion of production". In the context of a manufacturing production system, inventory refers to all work that has occurred—raw materials, partially finished products, finished products prior to sale and departure from the manufacturing system. In the context of services, inventory refers to all work done prior to sale, including partially process information.

https://en.wikipedia.org/wiki/Inventory

Examples of use of Inventory

1. Proper inventory management could have cut down their inventory investment by 10–15 percent, he said.

2. "An inventory is simply unacceptable to Floridians." But supporters said inventory information is needed to guide policy decisions.

3. Department of Transportation‘s National Bridge Inventory.

4. When the electricity failed, her inventory spoiled.

5. Flogging something called online inventory does not.