Inventory

   

Definition: Inventory is referring to a stock or store of goods or services kept for use or for sale in the future. INV includes raw materials and supplies/purchased parts, partially completed goods that is work-in-progress (WIP), finished goods and goods-in-transit (GIT).
Motives for holding INV include transactional motives, precautionary motives, speculative motives, seasonal and dead stock holding.


   
   

More on inventory: ABC Analysis, Inventory Management, Materials Management, Vendor Managed Inventory.



   

MBA Brief offers accurate and concise definitions of MBA concepts, frameworks, methods and models.

We love to keep things really short, but provide links to learn more about your subject and to similar concepts.





© 2021 MBA Brief - Last updated: 23-9-2021  -  Privacy   |   Terms