Inventaire
Goods and materials held by a business for production or resale. Managing inventory is crucial for smooth operations.
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Goods and materials held by a business for production or resale. Managing inventory is crucial for smooth operations.
Introduction: Inventory encompasses all the goods and materials a business holds for the purpose of resale, manufacturing, or repair. It represents a critical asset on a company's balance sheet and is essential for operations, directly impacting a business's cash flow and profitability. Managing inventory effectively is a delicate balance between meeting customer demand without incurring excessive holding costs or risk of obsolescence. Types of inventory include raw materials, work-in-progress (WIP), and finished goods. Businesses across sectors—from retail to manufacturing—rely on precise inventory control to optimize their supply chain and maintain competitive advantage.
Key Aspects of Inventory: