Inventory is a virtual place where raw materials are kept 
and maintained in outward and inward records.  Every 
Factory has a Inventory division in which the Raw Products 
needed to finish a final and desired product is kept and 
maintained. Raw material Purchase Register and Inventory 
Outward Registar is maintained.

any thing that is of future use and has some economic value
is called inventory. its of 3 types
*inventory of raw materials
*inventory of intermediate goods or semi-finished goods &
*inventory of finished products

Inventory is the total amount of goods, items,materials, 
etc. counted in a store or factory at any given time. 
Owner  or Mgr.of the organization to know the daily, 
weekly, monthly and also annually report of items. How much 
products are available and sales need to customer an orders 
and even knows to place an order.

inventory is goods or things of which a organization do 
business and which is still unsold.it may be finished 
googs, semi-finished goods and raw materials, etc.

The term "inventory" means tangible property held:
a) For sale in the ordinary course of business.
b) In the process of production for such sale.
c) For consumption in the production of goods or services 
held for sale including maintenance supplier & consumables 
other than machinery spares.

ideal resource of any kind that can be kept for future 
use , provided it has some economic value..
kept 4 smooth functioning of the organisation.

genrally inventory means stock it may be differ one 
organisation to another it consist of sevaral information 
about goods

inventory are tangible property which is held for sale is 
the ordinary course of actions.

Inventory division in which the Raw Products 
needed to finish a final and desired product is kept and 
maintained.provided it has some economic value

list of goods procesions and property on hand.