inventory (B1)

noun

Pronunciation: /ˈɪn.vən.tɔːr.i/

Definition

A complete list of all the items that are in a place at a particular time.

Examples

• The store conducted a full inventory of its merchandise at the end of the year.

• We need to update the inventory to reflect the recent sales.

• The museum has a detailed inventory of all its artifacts.

How to Use inventory

take inventory (collocation)

To count and list all items in stock. — "The staff will take inventory after the store closes."

conduct inventory (collocation)

To perform the task of counting and listing items. — "The warehouse will conduct inventory next week."

inventory management (collocation)

The system or process of controlling and overseeing stock. — "Good inventory management is crucial for retail success."

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