Description: What is Inventory? Inventory refers to the list of goods and materials in stock by a particular company. The purpose of inventory is to manage and conceal the fact that oftentimes manufacture delay lasts longer than the delays in delivery. Inventory also eases the imperfections that result as part of the normal manufacturing of a product. These imperfections can lower production efficiencies in those instances where production is idle owing to a lack of needed materials.
3 (out of 5)