noun a complete list of items such as property, goods in stock, or the contents of a building
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Inventory in manufacturing refers to the raw materials, work-in-progress, and finished goods that a company has in stock.
Inventory is an asset on a company's balance sheet and is recorded as an expense when sold.
Inventory refers to the goods or products that a store or business has on hand to sell to customers.
Inventory management is essential for e-commerce businesses to track and manage their stock levels for online sales.
Inventory management is crucial in supply chain management to ensure efficient flow of goods from suppliers to customers.
Inventory management in warehouses involves organizing, storing, and tracking goods to ensure accurate stock levels.
Writers may use inventory in the context of keeping track of characters, plot points, and other story elements in their writing projects.
Psychologists may use inventory to assess and track symptoms, behaviors, and other data related to their clients or patients during the course of therapy or research.
Retail managers may use inventory to track and manage the stock of products in their stores, including ordering new inventory, conducting audits, and analyzing sales data.
Manufacturing engineers may use inventory to monitor and optimize the flow of materials and components in a production process, ensuring that the right parts are available at the right time to meet production goals.
Accountants may use inventory to calculate the cost of goods sold, track assets, and assess the financial health of a business by analyzing inventory turnover rates and valuations.