Inventory

/ˈɪnvəntɔːri/

Meaning & Definition

noun

A complete list of items such as goods in stock or contents of a building.

The store conducted an inventory to count all the items on the shelves.

The raw materials, work-in-progress products, and finished goods that are considered to be a portion of a business's assets.

The company had to adjust its inventory levels to meet the increasing demand.

A detailed, itemized list of personal property or assets.

Before moving, she created an inventory of all her belongings.

verb

To make a complete list of items or stock in a store or warehouse.

The manager asked the employees to inventory the remaining supplies.

To assess or evaluate the contents and condition of something.

They decided to inventory the old equipment to determine what could be sold or donated.

From Latin 'inventarium', meaning a list of items found.

inventory turnover:

A measure of how quickly inventory is sold and replaced.

inventory management:

The aspect of supply chain management that oversees the ordering, storage, and use of components.

stock inventory:

A classification of the inventory that includes all the goods available for sale.

Inventory check

We're doing an inventory check to see what we have left.

Doing inventory

I’ll be doing inventory this weekend to get everything sorted.