Inventory

Inventory is a word that we often hear in the context of business or retail. It refers to a detailed list or record of all the goods, products, or items that a company or organization has in stock or available for sale. Having an inventory is super important for businesses because it helps them keep track of what they have, how much of it they have, and where it’s located. This way, they can manage their stock levels, know when to reorder items, and ensure that they have enough products to meet customer demand. There are different methods to manage and track inventory, like manual counting or using specialized software. The goal is to have an accurate and up-to-date inventory, so businesses can make informed decisions about their stock and avoid running out of popular items.