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The English Corner

#EnglishBusinessDictionary

Inventory

Redaccion

30 Ene, 2013
2:20 am

RRHH Digital Detailed catalog or list of raw materials, work-in-process goods and finished products that are part of a company’s assets and ready for sale. These assets are usually listed on a periodic basis, itemizing all goods and materials in stock. Inventory management strategies are vital for a business since it helps to be aware of what stock needs to be replaced and what needs to be shifted. Inventory costs very often incur the biggest expense; therefore it needs to be cautiously controlled in order for the business to run effectively.

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