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inventory |
Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia, Hutchinson | 0.04 sec. |
inventoryIn business, any item of property held in stock by a firm, including finished goods held for sale, goods in the process of production, raw materials, and items that will be consumed in the process of producing salable goods. Inventories appear on a company's balance sheet as assets. Inventory turnover, which indicates the rate at which goods are converted into cash, is a key factor in appraising a firm's financial condition. For financial statements, inventories may be priced either at cost or at market value. |
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This provider of enterprise/supply chain software offers an inventory management extension designed to fill the specific needs of manufacturers and distributors that rely on the cutting of shapes and pieces from standard size materials, e. Nexiant Adds Another Fortune 500 Company to its Growing List of MRO Inventory Management Customers -- To economically accomplish this data generation, a mass chemical accounting, or chemical mass balancing inventory management system, is the tool. |
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