Definition: (operations) The stock of an item on hand at a particular location or business.
Alright class, settle down now, let’s take a look and see,
At the word “inventory,” it’s important for you to agree!
The dictionary's clue is quite clear, you see,
“Stock of an item on hand, for you and me!”
Think about a shop, bright and bold,
With shelves filled with stories to be told.
That’s inventory in action, it’s true,
Knowing what you have, just waiting for you!
It's not just
one
thing, don’t you see?
It’s
all
the stuff a business can decree -
From pencils and paint to apples so sweet,
Inventory keeps track of each treat!
At a particular spot, or a business grand,
It tells you what's available across the land.
So “inventory” means to keep track with care,
Of everything that’s present there!
Do you have any questions? Let’s discuss and explore,
Understanding inventory is important for sure!