What is inventory
Answers were Sorted based on User's Feedback
Answer / pravin
It is unused resources of any org. due to whic capital
blockage has done.
inventory is 3 types.
1.raw mat inv.
2.finish goods inv.
3.WIP inv.
Is This Answer Correct ? | 7 Yes | 1 No |
Answer / v.ramachandran
In The broder sence of business administration an Inventory
is any thing that an enterprise hold which bears an
economic value.As far as an erp is concerned Inventory
denotes Materials and hense all stock(All material types)
are considered as Inventory.
Is This Answer Correct ? | 7 Yes | 1 No |
Answer / gopid123
Inventory is nothing but. its exsiting stock.
wheather its raw mtrl sfg or fg
Is This Answer Correct ? | 6 Yes | 1 No |
Answer / anupkumar
inventory is total valuable stock for a plant,or factory
lying at diff. storage locations.
it shows the total stock & total value of material.
Is This Answer Correct ? | 7 Yes | 3 No |
Answer / sumit
Inventory is some quantity of stock of materials (raw
material, sem-finished material, finished goods)which any
person or industry keeps to full-fill it future demand in
terms of procurement, production, sale etc.
Is This Answer Correct ? | 4 Yes | 1 No |
Answer / prasanna
I agree with all the other answers, would like to add its
not alone measured in quantity but also in value.
Is This Answer Correct ? | 4 Yes | 2 No |
Answer / sachin bhagwat
inentory is the total stock available for production to
make company output and customer satisfaction.
Is This Answer Correct ? | 5 Yes | 4 No |
Answer / vinay bhaurao pawar
Inventory is a list for goods and materials, or those goods
and materials themselves, held available in stock by a
business requirement. It is also used for a list of the
contents of a household and for a list for testamentary
purposes of the possessions of someone who has died. In
accounting inventory is considered an asset.
In business management, inventory consists of a list of
goods and materials held available in stock.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / nanduri k. prasad
Inventory means collectively the list of material documents
which facilitates us know the status of each material used
in the plant.
In otherword it is the valuated stock of the materials in
the plant.
Is This Answer Correct ? | 3 Yes | 3 No |
Answer / yogesh
Inventory is the total valuated stock available for
operation or other activities held in primices or at vendor
Is This Answer Correct ? | 3 Yes | 3 No |
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