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Definition

Inventory

Inventory refers to a company’s merchandise, raw materials, and products waiting to be sold.


Inventory normally defined as the quantity of goods or materials on hand. On the Internet, a site’s inventory is the number of page views it will deliver in a given period of time and is, thus, the amount of product that can be sold to advertisers.

Webster Dictionary Meaning

1. Inventory
- An account, catalogue, or schedule, made by an executor or administrator, of all the goods and chattels, and sometimes of the real estate, of a deceased person; a list of the property of which a person or estate is found to be possessed; hence, an itemized list of goods or valuables, with their estimated worth; specifically, the annual account of stock taken in any business.
2. Inventory
- To make an inventory of; to make a list, catalogue, or schedule of; to insert or register in an account of goods; as, a merchant inventories his stock.
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