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What is Inventory

Handbook of Research on Changing Dynamics in Responsible and Sustainable Business in the Post-COVID-19 Era
The entire stock of items, materials both finished and unfinished kept by an organization.
Published in Chapter:
COVID-19 Pandemic and Its Implications on Storekeeping Practices: Perspectives of Health Workers
Dominic Owusu (University of Cape Coast, Ghana), Francis Kabenlah Mensah (Kwesimintsim Municipal Assembly, Ghana), Benedict Ofori Antwi (University of Cape Coast, Ghana), and Isaac Kwadwo Anim (University of Cape Coast, Ghana)
DOI: 10.4018/978-1-6684-2523-7.ch020
Unprecedented outbreaks of disease have challenged the contemporary world with substantial adverse consequences on the effectiveness of business models in operations and supply chain management (OSCM). The advent of COVID-19 put a lot of pressure on staff and resources. However, the focus of contributors has been on the pressure on staff managing the various hospital facilities and ignoring inventory, which is one of the key areas where resources required to take care of patients are managed. Using the resource dependency theory, this chapter analyses how COVID-19 affected the inventory practices of hospitals operating in the Western Region of Ghana. It further makes suggestions on how the inventory of hospitals should be managed in order to avert possible shortages and interruptions in healthcare delivery and further relieve hospital staff of the pressure they have to sustain when there is a shortage. The chapter offers suggestions on areas of inventory management practices that management of hospital facilities should pay attention to.
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Supply Chain in Cross-Border E-Commerce
Raw materials to manufacture products or the finished products.
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Retail Supply Chain Management Trends: Past, Present and Future
Inventory is the merchandise a retail store has on hand. The term also refers to the act of counting, itemizing and recording in-stock merchandise or supplies.
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The Relationship Between the Quality of Financial Information in Industrial Companies and Discretionary Inventory Management
Is an asset that is intended to be sold in the ordinary course of business. The inventory of a manufacturer should report the cost of its raw materials, work-in-process, and finished goods. The cost of inventory should include all costs necessary to acquire the items and to get them ready for sale. Inventory items can fall into one of the following three categories: held for sale in the ordinary course of business; or in the process of being produced for sale; or for consumption in the production process. Inventory is typically classified as a short-term asset, since it is usually liquidated within one year.
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Collaboration of Single-Manufacturer Multi-Buyer Inventory Status With Credit Option Under Fuzzy Demand
Inventory is known as materials, commodities, products, etc., which are usually kept in stocks in order to be consumed or utilized, when needed. In fact, most of economic, trading, manufacturing, administrative, systems regardless of size need to deal with its own Inventory Control System.
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Effect of Information Technology on Warehousing and Inventory Management for Competitive Advantage: A Theoretical Framework
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A Memetic Algorithm for Integrated Production Distribution Problem in a Supply Chain
Physical goods or materials produced or purchased but not used yet are called inventory.
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A New Vision for Distance Learning: Learning to Teach in Second Life
The collection of items “owned” by the avatar
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Introduction to International Transportation and Logistics
Inventory refers to the goods available for sale and raw materials that are used for producing goods.
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Sustainable Inventory Management in Hotels
One type of the organization asset. It refers to the stock of any resource used in an organization for current or future operations and can be perishable or nonperishable.
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Virtual Learning Environments for a New Teaching Methodology
Contains all the elements and objects at their disposal. These are the items held when creating their own avatar as those that can become many, added later.
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