Definition & Meaning of "inventory"

Inventory

a detailed list or record of all the items or goods in stock or on hand within a particular location, organization, or system

the merchandise that a shop has on hand

a collection of resources

the value of goods and materials that a business holds for the purpose of resale or production

making an itemized list of merchandise or supplies on hand

to inventory

make or include in an itemized record or report

Example

The IT department maintained an inventory of all company-owned computers, printers, and peripherals.

The auto repair shop organized its inventory of spare parts by category and manufacturer.

The librarian updated the library's inventory to include new book acquisitions.

The construction company kept a meticulous inventory of tools and equipment to ensure availability for projects.

The warehouse manager conducted a monthly inventory count to track stock levels.

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