inventory shortage

inventory shortage definition - business

inventory shortage

The amount by which a physical count of inventory is less than the amount recorded on the company's books. An inventory shortage may be the result of theft or of incorrect records listing deliveries and usage.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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