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0 English - Monolingual Dictionary

Inventory

ˈɪnvənˌtɔri
Common
~ 3300
~ 3300, Common
The word frequency and importance index indicates how often a word appears in a given language. The smaller the number, the more frequently the word is used. The most frequently used words typically range from about 1 to 4000. This importance index helps you focus on the most useful words during your language learning process.
A complete list of items such as goods in stock or the contents of a building, The act or process of making a complete list of items, A detailed list of all the things in a place

Inventory - Meanings

A complete list of items such as goods in stock or the contents of a building

Example: The warehouse manager conducted an inventory of all the products in stock.
Usage: formalContext: business, logistics
Note: Commonly used in business and supply chain management contexts.

The act or process of making a complete list of items

Example: We need to inventory all the equipment before the end of the fiscal year.
Usage: formalContext: business, accounting
Note: Often used in financial and accounting contexts to track assets.

A detailed list of all the things in a place

Example: The insurance company required an inventory of the items in the house after the fire.
Usage: formalContext: insurance, property management
Note: Commonly used in legal and insurance-related situations.

Inventory's synonyms

stock

Stock refers to the goods or merchandise that a business holds for sale or use in its operations.
Example: The company keeps a large stock of products to meet customer demand.
Note: While inventory is a broader term that encompasses all the goods and materials a business holds, stock specifically refers to the items available for sale or use.

supply

Supply refers to the quantity of goods or materials available for use or distribution.
Example: The store manager ordered a new supply of office supplies for the employees.
Note: Inventory typically refers to a detailed list of all items a business owns, while supply emphasizes the availability or quantity of goods.

goods

Goods are products or items that are made or manufactured for sale.
Example: The warehouse is full of goods waiting to be shipped to customers.
Note: While inventory can include goods, it also encompasses raw materials, work-in-progress items, and finished products, whereas goods specifically refer to products for sale.

Inventory expressions, common phrases

Take inventory

To count and record all the items or goods in stock.
Example: We need to take inventory of all the products in the warehouse.
Note: The original word 'inventory' refers to the list of goods or items, while 'take inventory' refers to the action of counting and recording them.

Inventory control

The process of managing and regulating the inventory levels to meet customer demand while minimizing costs.
Example: Effective inventory control is essential for a successful business operation.
Note: While 'inventory' refers to the stock of goods, 'inventory control' refers to the management and regulation of that stock.

Inventory management

The planning and overseeing of the ordering, storage, and usage of inventory to meet business goals.
Example: Proper inventory management ensures that products are available when customers need them.
Note: Similar to 'inventory control,' 'inventory management' focuses on the strategic planning and execution of inventory-related activities.

Stock inventory

The amount of goods or items available for sale in a store or warehouse.
Example: We need to update the stock inventory to reflect the latest sales.
Note: While 'inventory' can refer to any list of goods, 'stock inventory' specifically refers to the items available for sale.

Inventory turnover

The rate at which a company sells and replaces its inventory within a specific period.
Example: A high inventory turnover indicates efficient sales and restocking processes.
Note: Unlike 'inventory' which is static, 'inventory turnover' measures the speed at which inventory is sold and restocked.

Dead inventory

Goods or items in stock that are outdated, obsolete, or no longer in demand.
Example: The company decided to discount the dead inventory to clear out space for new products.
Note: While 'inventory' refers to all goods in stock, 'dead inventory' specifically denotes items that are not selling or are obsolete.

Safety stock

Extra inventory held to mitigate the risk of running out of stock due to uncertainties like demand fluctuations or supplier delays.
Example: Maintaining a safety stock level helps prevent stockouts during unexpected surges in demand.
Note: While 'inventory' refers to all goods in stock, 'safety stock' is the additional inventory kept as a buffer against unforeseen events.

Inventory everyday (slang) expressions

Stocktake

Stocktake is a term used to refer to the process of counting and recording the items or goods available in a business or organization.
Example: Let's do a stocktake to see what items we need to reorder.
Note: Stocktake is a more informal and colloquial term compared to 'inventory'.

Tally

Tally is used to describe the action of counting or calculating the total quantity of items in stock.
Example: We need to tally the inventory before placing the order.
Note: Tally is a more casual and simplified way to refer to inventory counting.

Check stock

Checking stock means verifying or examining the quantity and availability of goods within a business.
Example: I'll check stock to see if we have more of those items available.
Note: This term is a more straightforward and everyday language alternative for 'inventory check'.

Stock levels

Stock levels refer to the amount of goods or products a business has in its inventory at a given time.
Example: Our stock levels are running low, we need to order more soon.
Note: It is a slightly more specific and quantitative term compared to 'inventory'.

Inventory check

An inventory check is a process of verifying and reconciling the physical inventory with the recorded inventory.
Example: Let's do an inventory check to make sure everything is accounted for.
Note: While it still relates to inventory, it is a more colloquial and simple term for the verification process.

Stock audit

A stock audit is a detailed examination and verification of inventory records to ensure accuracy and prevent discrepancies.
Example: We need to schedule a stock audit to ensure accuracy in our inventory records.
Note: It is a more formal and thorough term commonly used in business contexts.

Warehouse count

A warehouse count is the process of physically counting and checking the goods stored in a warehouse or storage facility.
Example: The warehouse count revealed some discrepancies in our inventory tracking.
Note: It specifies the location of the inventory counting and is often used in logistics and storage management contexts.

Inventory - Examples

The inventory of the store is constantly changing.
The company keeps a detailed inventory of all their equipment.
We need to check the inventory before placing the order.

Inventory grammar

Inventory - Noun (Noun) / Noun, singular or mass (Noun, singular or mass)
Lemma: inventory
Conjugations
Noun, plural (Noun, plural): inventories
Noun, singular or mass (Noun, singular or mass): inventory
Verb, past tense (Verb, past tense): inventoried
Verb, gerund or present participle (Verb, gerund or present participle): inventorying
Verb, 3rd person singular present (Verb, 3rd person singular present): inventories
Verb, base form (Verb, base form): inventory
Verb, non-3rd person singular present (Verb, non-3rd person singular present): inventory
Syllabification and Stress
inventory Contains 4 syllables: in • ven • to • ry
Phonetic transcription: ˈin-vən-ˌtȯr-ē
in ven to ry , ˈin vən ˌtȯr ē (The red syllable is stressed)

Inventory - Importance and usage frequency

The word frequency and importance index indicates how often a word appears in a given language. The smaller the number, the more frequently the word is used. The most frequently used words typically range from about 1 to 4000.
inventory: ~ 3300 (Common).
This importance index helps you focus on the most useful words during your language learning process.
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