inventory

(redirected from Inventory management)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia.
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'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.
This report contains characteristics for best in class companies and benchmark findings from Aberdeen's overall inventory management research.
The product de-risks the inventory management process, providing near- and long-term supply forecasts, visibility to key inventory data via a distributed reporting model, and a planning toolset purpose-built for inventory managers and business analysts.
We selected Rapt because of their track record of success in delivering solutions for inventory management and business analysis.
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.
TFC implements a full suite of marketing services including loyalty programs, rewards marketing, point of sale distribution, direct response campaigns, color print on demand solutions and marketing inventory management and fulfillment.
With the new PEAK website, customers can learn about the efficiencies of using a single-source integrator to manage their supply chain and inventory management challenges.
In addition, the website offers information for customers addressing SAP solution integration for wireless, printing, and RFID deployment working in conjunction with the warehouse management (WM), inventory management (IM), sales and distribution (SD), plant maintenance (PM), and Auto-Identification Infrastructure (AII) components of SAP NetWeaver(R).
PEAK Technologies, a Platinum Equity Company, is an international systems integrator of supply chain automation and inventory management solutions delivering tangible return on investment to some of the world's largest corporations.
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.
Mahar Tool Supply has five customers using DispenseSource's Smart Inventory Solutions, which include inventory management software and point-of-use (POU) dispensing technology.
The SIM is a robust Web-hosted inventory management solution that enforces business rules, controls access at the point-of-use (POU) and provides enterprise-wide inventory visibility which eliminates pilferage, stock-outs, and overstocking.

Full browser ?