👉 (operations) The stock of an item on hand at a particular location or business.
Alright class, settle down now, letās take a look and see, At the word āinventory,ā itās important for you to agree! The dictionary's clue is quite clear, you see, āStock of an item on hand, for you and me!ā Think about a shop, bright and bold, With shelves filled with stories to be told. Thatās inventory in action, itās true, Knowing what you have, just waiting for you! It's not just one thing, donāt you see? Itās all the stuff a business can decree - From pencils and paint to apples so sweet, Inventory keeps track of each treat! At a particular spot, or a business grand, It tells you what's available across the land. So āinventoryā means to keep track with care, Of everything thatās present there! Do you have any questions? Letās discuss and explore, Understanding inventory is important for sure!