inventory

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Related to Inventory management: inventory control

Inventory

For companies: Raw materials, items available for sale or in the process of being made ready for sale. They can be individually valued by several different means, including cost or current market value, and collectively by FIFO (First in, first out), LIFO (Last in, first out) or other techniques. The lower value of alternatives is usually used to preclude overstating earnings and assets. For securities firms: Securities bought and held by a broker or dealer for their own account.

Inventory

The raw materials and the products made from them that a company possesses and intends to sell in short order. It also includes raw materials that are in the process of being made into a final product. Inventory is considered an asset on a balance sheet, but because it comes with costs (such as storage and spoilage), most companies seek to find a balance between having too much inventory, which comes with these costs, and too little, which could result in the company not filling orders for the product. Inventory may be accounted on a last-in-first-out or a first-in-first-out basis, which each has advantages and disadvantages. See also: Just-in-Time, Just-in-Case.

inventory

The amount of raw materials, work in process, and finished goods being held for sale at a given time. Diamonds held by a jeweler, engines owned by General Motors, and canned and frozen foods in a grocery store chain's warehouse are examples of inventory. Inventory is generally the least liquid item listed by a firm in the current asset account of its balance sheet. See also beginning inventory, ending inventory.

inventory

the STOCKS of finished goods, WORK IN PROGRESS and raw materials held by businesses. See INVENTORY INVESTMENT, STOCKHOLDING COSTS.

inventory

the STOCKS of finished goods, WORK-IN-PROGRESS and raw materials held by businesses. See INVENTORY INVESTMENT.

inventory

(1) The total listings controlled by a real estate broker.(2) The total property for sale or lease in a defined area.(3) Property held for sale in the ordinary course of business or to be used in the manufacture of goods held for sale.(4) An itemized listing of personal property.

Inventory

For income tax purposes, inventory consists of items acquired for sale to customers in the regular course of a taxpayer's trade or business.
References in periodicals archive ?
Syncron recently kicked-off a campaign to promote the Cloud Global Inventory Management solution with a series of workshops and webinars that outline how organizations can leverage cloud-based solutions to support their inventory management processes and corporate strategy.
Syncron's ERP-independent software solutions for global inventory management, global order management, global price management and master data management are implemented faster and at lower cost than other solutions.
Through the integration of a chemical inventory management system, an MSDS management system, SARA Title Ill reporting software, and health and safety software, a state-of-the-art corporate-wide management tool is created that ultimately cuts the costs associated with material purchases, process and support operations, and waste disposal.
Networked inventory management is the integral management of inventories in the stock points and intermediate processes that are spread out over different networked organizations.
Networked inventory management is one of the opportunities for networked organizations to gain mutual benefits.
OnviSource's new enterprise applications provide call center agents with integrated, real-time customer interaction scripting and transaction management tools for inbound-outbound order processing, real-time inventory management and disposition, electronic payments and validations.
This report contains characteristics for best in class companies and benchmark findings from Aberdeen's overall inventory management research.
With the right toolset and effective management practices, inventory management will prove to be a point of competitive differentiation and a vehicle for growing revenue and share.
The TFC inventory management system will provide Icon Estates with an unmatched degree of flexibility, 24/7 real-time access and accountability for shipment and delivery.
com, to help customers learn about integrating supply chain automation and inventory management solutions and services.
a leading provider of MRO inventory management solutions for the industrial market, today announced that Mahar Tool Supply has adopted the company's Smart Inventory Manager and Point-of-Use (POU) dispensing technology solutions to expand its Tool Management Service.

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