INVENTORY Definition & Meaning - Merriam-Webster
: a list of traits, preferences, attitudes, interests, or abilities used to evaluate personal characteristics or skills. Noun We made an inventory of the library's collection. The dealer …
INVENTORY Definition & Meaning | Dictionary.com
INVENTORY definition: a complete listing of merchandise or stock on hand, work in progress, raw materials, finished goods on hand, etc., made each year by a business concern. See …
INVENTORY | English meaning - Cambridge Dictionary
INVENTORY definition: 1. a detailed list of all the things in a place: 2. the act of counting of all the goods…. Learn more.
What Is Inventory? Types, Definition, & Examples - NetSuite
Jan 6, 2025 · As an accounting term, inventory is a current asset and represents the value of goods a company holds for sale or use. While having enough on hand is essential, excess …
Inventory : Meaning, Importance, Types and Example
Jul 23, 2025 · Inventory is classified as a current asset on the balance sheet of the company. Raw materials, finished goods, and work-in-progress constitute the three categories of inventory. …
What Is Inventory? Definition, Types, and Examples
Oct 11, 2025 · Inventory is the vital assets a company has in production and in goods produced that are available for sale. Inventory encompasses raw materials, work-in-progress (WIP), and …
What is Inventory? Definition, Types, and Challenges
Jul 24, 2024 · Inventory represents one of the most valuable assets for any business, particularly within manufacturing and supply chain management. Essentially, inventory refers to all the …