inventory Definition
a complete list of items such as property, goods in stock, or the contents of a building.
Using inventory: Examples
Take a moment to familiarize yourself with how "inventory" can be used in various situations through the following examples!
Example
The store manager took inventory of the stockroom.
Example
We need to do an inventory of the office supplies.
Example
The insurance company requires an inventory of all lost items.
Example
The landlord made an inventory of the apartment before the tenant moved in.
inventory Synonyms and Antonyms
Phrases with inventory
Example
The store manager takes inventory every month.
the process of ensuring that the right amount of stock is available at the right time
Example
The company hired a specialist to manage inventory control.
the rate at which a company sells and replaces its stock of goods during a given period of time
Example
The inventory turnover rate for the company increased by 20% this year.
Origins of inventory
from Latin 'inventarium', meaning 'a list of what is found'
Summary: inventory in Brief
The term 'inventory' [ˈɪnvəntəri] refers to a complete list of items, such as property, goods in stock, or the contents of a building. It is often used in business contexts, such as taking inventory of stockrooms or office supplies. Phrases like 'take inventory' and 'inventory control' denote the process of managing stock levels, while 'inventory turnover' measures the rate at which a company sells and replaces its stock.
