A businessman checks his warehouse inventory.
- The definition of an inventory is a detailed list of all of the items present or the process of making such a list.
An example of an inventory is a list of all of the items in a warehouse.
- To inventory is defined as to make a detailed report or list.
An example of to inventory is to make a list of all of the items in a supply closet.
- an itemized list or catalog of goods, property, etc.; esp., such a list of the stock of a business, taken annually
- the store of goods, etc. that are or may be so listed; stock
- any detailed list
- the act of making such a list
Origin of inventoryMedieval Latin inventorium ; from Late Latin inventarium ; from Classical Latin inventus: see invent
- to make an inventory of stock on hand
- to make an appraisal, as of one's skills or personal characteristics
- a. A detailed, itemized list, report, or record of things in one's possession, especially a periodic survey of all goods and materials in stock.b. The process of making such a list, report, or record.c. The items listed in such a report or record.d. The quantity of goods and materials on hand; stock.
- An evaluation or a survey, as of abilities, assets, or resources.
transitive verbin·ven·to·ried, in·ven·to·ry·ing, in·ven·to·ries
- To make an itemized report or record of.
- To include in an itemized report or record.
Origin of inventoryMiddle English inventorie, from Medieval Latin inventōrium, alteration of Late Latin inventārium, from Latin inventus, past participle of invenīre, to find; see invent.
- (operations) The stock of an item on hand at a particular location or business
- Due to an undersized inventory at the Boston outlet, customers had to travel to Providence to find the item.
- (operations) a detailed list of all of the items on hand
- The inventory included several items that one wouldn't normally think to find at a cheese shop.
- (operations) the process of producing or updating such a list
- This month's inventory took nearly three days.
(third-person singular simple present inventories, present participle inventorying, simple past and past participle inventoried)
- (operations) To take stock of the resources or items on hand; to produce an inventory.
- The main job of the night shift was to inventory the store, and restock when necessary.
From Old French inventoire (French inventaire), from Late Latin inventarium
inventory - Investment & Finance Definition
- A corporation’s stock of goods, such as raw materials, that are used to produce final products.
- A company’s goods that have been produced and are waiting to be sold. Inventory is valued by a company using methods such as first in, first out (FIFO) or last in, last out (LIFO).