What is the inventory

Question

Accepted Answer

Inventory refers to the complete list of items or goods that a store or business has in stock.

Inventory includes all the products, materials, and supplies that are available for sale or use.
It helps in tracking the quantity, location, and value of each item in stock.
Inventory management involves activities like ordering, receiving, storing, and tracking inventory.
Examples of inventory can include clothing, electronics, food items, office supplies, etc.

Accepted Answer

Inventory management is like commercial bank.
As per user requirements We arrange the material and safe in store department and when his requirements we received the issue slip , after we arrange to issue the material with record keeping in software
Also minimum maximum quantity mange 
Fifo and Lifo system use in store for inventory,
Monthly stock reconciliation
Etc.

What is the inventory

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