inventory

/in'ventri/
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inventory

The clerk checks the inventory on the warehouse shelves.

Definition

  1. Noun:

    • A detailed, itemized list of goods, materials, or other assets: An "inventory" is a complete record of items currently held in stock, such as merchandise in a store or supplies in a warehouse.
    • The stock of goods or materials themselves: "Inventory" can also refer to the physical collection of items available for sale or use.
    • (Accounting) The total value of a company's current assets: This includes raw materials, work-in-progress, and finished goods ready for sale.
    • A catalog or collection of resources, skills, or information: Used metaphorically to describe a non-physical collection.

  2. Verb:

    • To make an itemized list of; to catalog: The act of counting, listing, and recording all items in a collection or stock.
Usage Examples

  • Noun:

    • The manager conducted a monthly inventory of the warehouse.
    • The store's inventory includes a wide variety of electronic goods.
    • According to the balance sheet, the company's inventory has increased in value.

  • Verb:

    • We need to inventory all the equipment in the lab before the audit.
    • The librarian spent the summer inventorying the rare book collection.
Advanced Usage

  • "To take inventory": To perform the process of counting and listing items in stock.

    • The shop is closed today as they are taking inventory.

  • "Inventory management": The systematic process of overseeing the constant flow of goods into and out of an existing inventory.

    • Efficient inventory management is crucial for reducing costs.
Variants and Related Words
  • Inventory (as a countable noun): Often used with articles like "an inventory" or "the inventory."
  • Inventoried (verb, past tense): The state of having been cataloged.
    • All items have been inventoried and tagged.
  • Inventorying (verb, present participle/gerund): The ongoing process of creating an inventory.
Synonyms
  • Noun: Stock, catalog, roster, listing, supply, portfolio.
  • Verb: Catalog, list, record, register, tally.
Related Phrases
  • Inventory control: The process of ensuring the correct amount of stock is maintained.
  • Inventory shrinkage: The loss of products between the point of manufacture or purchase from a supplier and the point of sale.
  • Physical inventory: The actual counting of items in stock, as opposed to a computer record.
Idioms
  • "Take stock": This idiom is related in meaning to "take inventory." It means to carefully think about a situation in order to make a decision.
    • After the project failed, the team took stock of what went wrong.
inventory

The clerk checks the inventory on the warehouse shelves.

Noun
  1. making an itemized list of merchandise or supplies on hand
    • an inventory may be necessary to see if anything is missing
    • they held an inventory every month
  2. a collection of resources
    • he dipped into his intellectual armory to find an answer
  3. (accounting) the value of a firm's current assets including raw materials and work in progress and finished goods
  4. the merchandise that a shop has on hand
    • they carried a vast inventory of hardware
    • they stopped selling in exact sizes in order to reduce inventory
  5. a detailed list of all the items in stock
Verb
  1. make or include in an itemized record or report
    • Inventory all books before the end of the year

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