Backup Inventory

A quantity of goods kept in reserve to replace or compensate for shortfalls in the primary supply, operations or transport to prevent disruption (comm...

Inventory refers to the quantity of goods, raw materials, or products present in a warehouse at a specific point in time. It serves to ensure supply a...

Systematic counting and valuation of all existing stock of assets (e.g., raw materials, supplies, finished goods) and liabilities of a company at a sp...

Idle Inventory refers to inventory that, due to production delays, quality issues, or fluctuating demand, is not used or sold, thereby incurring unpro...

Inventory of goods that are in the production process but not yet completed, including all incurred material, labor, and overhead costs to date.

Loss of stock in a warehouse due to theft, damage, spoilage, or miscount, resulting in a deviation between the recorded quantity and the actual physic...