Inventory (British English) or stock (American English) is a quantity of the goods and materials that a business holds for the ultimate goal of resale, production or utilisation. [nb 1] Inventory …

Oct 11, 2025 · Discover what inventory means, its essential types like raw materials and finished goods, and strategies for effective inventory management to enhance your business’s efficiency.

Inventory refers to the goods, materials, and assets that a business carries for day-to-day operations. Inventory may be held for production, sale, or resale purposes. Often, different …

Sep 3, 2025 · To define inventory, it encompasses a wide range of items, from raw materials used in manufacturing to finished products ready for sale to customers. A company’s inventory is a …

Jul 23, 2025 · What is Inventory? The term inventory includes both the manufactured products that are available for sale and the raw materials utilized in the manufacturing process.

May 25, 2025 · Inventory is an asset that is intended to be sold in the ordinary course of business. It is comprised of raw materials, work-in-process, and finished goods.

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 …

Definition of inventory noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.

Jan 22, 2025 · Inventory refers to a business’s currently held supply of raw materials and finished goods. There are two primary categories of inventory: Businesses use inventory to turn a …

INVENTORY definition: 1. a detailed list of all the things in a place: 2. the act of counting of all the goods…. Learn more.