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English definition of “inventory”

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inventory

noun
 
 
/ˈɪnvəntri, ɪnˈventəri/ US   /ˈɪnvəntɔri/
[C or U] COMMERCE, PRODUCTION the amount of goods a store or business has for sale at a particular time, or their value: About half of the shop's inventory was damaged in the tornado. Analysts say the company's inventory of unsold cars could last two to three months. a big/large/low inventory
ACCOUNTING, PRODUCTION the amount of goods and materials owned by a company at a particular time, including parts, products being made, and finished products: Businesses are increasing their spending on plants, equipment and inventories. cut/bring down/reduce inventory We are trying to reduce manufacturing cycle time and the associated raw material, work in process, and finished goods inventory levels.
[C] a detailed list of all the goods and property owned by a person or a business: a complete/extensive/detailed inventorydo/make/take an inventory We need to take a hardware inventory to estimate the hardware upgrade costs.
→  See also beginning inventory , continuous inventory
(Definition of inventory noun from the Cambridge Business English Dictionary © Cambridge University Press)
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