Inventory

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Related to Distressed inventory: inventory, cycle stock

inventory

[′in·vən‚tȯr·ē]
(engineering)
The amount of plastic in the heating cylinder or barrel in injection molding or extrusion.

Inventory

 

the control of the presence and condition of material values (fixed and working capital) in kind as well as monetary resources, balances in bank accounts, and accounts with debtors and creditors. Taking inventory is one of the most important methods of control over the safeguarding of socialist property, over the qualitative preservation of raw and other materials and finished goods, and over the accuracy of warehouse management and current accounting. In the USSR, taking inventory is obligatory for all state, cooperative, and public enterprises, organizations, and institutions.

Inventories may be complete or partial, planned or unexpected. A complete inventory includes checking of all resources of the enterprise and of all its accounting relations; it is held on the basis of the Statute on Accounting Reports and Balances of State, Cooperative (Except Kolkhoz), and Public Enterprises and Organizations (this statute was confirmed by the Council of Ministers of the USSR of Sept. 12, 1951, with subsequent amendments and supplements). The purpose of a complete inventory is to ensure that the bookkeeping balances as of the end of the year are real and by the same token to prove the reality of the financial results of the enterprise’s activity as shown in these balances. Such an inventory is taken also at the time of organization or liquidation of an enterprise. Partial inventories are taken to check the existence of those resources which according to their physical properties are subject to natural loss when stored; they are also taken when writing off goods that have become worthless and when hiring personnel responsible for material values. Planned inventories are taken during the whole year according to a calendar chart confirmed by the manager of the enterprise or of the economic organization. Unexpected inventories are made to prevent embezzlement and misappropriation of material or monetary resources and to establish the extent of losses in case an embezzlement has taken place. Dates and the number of inventories during the year are established with due regard to different kinds of resources.

The taking of inventories is entrusted to a commission that is appointed by the manager of the enterprise and in which the chief (senior) accountant takes part. This commission is headed by the manager of the enterprise or by his deputy. The procedure of taking the inventory is determined by ministries and government departments.

References in periodicals archive ?
8220;This direct connection will allow hotels to improve the salability of their distressed inventory and remain visible in the Hotwire marketplace,” said Tara Stangel, Senior Director of Hotel Supplier Relations at Hotwire.
Villacorta added, "With current tepid demand expected to weaken even more, consumer confidence at record lows, and as the distressed inventory continues to flow into the market, we can expect another long winter as the housing market will truly be put to the test against these downward forces.
It's important that distressed inventory be moved more quickly," Heiner adds.
From the October issue: As the real estate industry scrambles to unwind billions of dollars in distressed inventory, a number of high-profile deals are stuck in neutral as lenders battle it out with each other to see who will get paid and who will be left holding the (empty) bag.
We are also better able to micro manage our room inventory by adjusting rates to induce demand via e-commerce and market our distressed inventory via Priceline.
The company has experience sourcing distressed inventory and overstock from OEM, corporate, retail, and value-added reseller (VAR) vendors.
They keep homes occupied and reduce the volume of distressed inventory weighing on regional housing markets.
We also have built in-depth expertise to assist lenders and others with bankruptcies and distressed inventory.
Benefits include shorter liquidation timelines and improved loss severities, as well as another alternative that can be helpful in clearing the overhang of distressed inventory that continues to weigh on home prices.
With today's launch, new functionality for managing distressed inventory and upstream allocations has been added as well as providing buyer's and seller's respective legal counsel access to fully participate in the process.