inventory

(noun)

The stock of an item on hand at a particular location or business.

Related Terms

Examples of inventory in the following topics:

  • Return on Investment

    • New plants and equipment, inventories, and accounts receivable are three of the main categories of investments that can be affected by marketing decisions.
    • Marketing decisions, such as setting prices, have obvious potential connection to the return on investment, but these same decisions often influence asset usage and capital requirements (for example, receivables and inventories).

  • Product Line Pricing

    • It can result in a smaller inventory than would otherwise be the case.
    • It might increase stock turnover and make inventory control simpler.

  • Yield Management Systems

    • Yield management systems give managers optimal control of inventory to sell it to the right customer at the right time for the right price.
    • As a specific, inventory-focused branch of revenue management, yield management involves strategic control of inventory to sell it to the right customer at the right time for the right price.

  • Multiple Sources of Advantage

    • Walmart, a leader in offering low cost products, uses an automated inventory replenishment system to reduce inventory storage requirements and save floor space for additional goods.

  • Effects of Technology on Services

    • Point of sales equipment, bar codes, billing and record keeping software, computerized inventory control platforms and delivery systems have streamlined the retail process, improved the customer experience significantly and provided businesses with new and far reaching methods to marketing themselves and brand their products.
    • Technologies such as mobile commerce,electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, e-mail, mobile applications, social media, telephones and automated data collection systems are commonplace and the new normal for the business world.

  • Trends in Retailing

    • Typically, items ready for sale are on the bottom of the racks, while inventory remains crated and on pallets stored on the upper racks.
    • Another trend relates to Vendor Managed Inventory (VMI) giving the vendor the control to maintain the level of stock in the store.

  • Selling Orientation

    • Outline the methodology and importance of selling orientation as it relates to product inventory

  • Settling the List Price

    • The actual price tag can offer a wealth of information and opportunities to control inventory and provide supply chain data.
    • Price Tags Include valuable information and can be used for Inventory Control

  • Distribution Centers vs. Direct Store Delivery

    • Inventory Control and Order Processing - keeping track of the physical inven­tory, managing its composition and level, and processing transactions to insure a smooth flow of merchandise from producers to buyers and payment back to the producers.

  • Consumer Income, Purchasing Power, and Confidence

    • For example, if manufacturers anticipate that consumers will reduce retail purchases, especially for expensive and durable goods, they will cut down their inventories in advance and may delay investing in new projects and facilities.
    • In anticipation of that change, manufacturers can boost production and inventories.