MRPeasy Manufacturing Podcast

What is inventory? The answer is obvious. Inventory is everything that is in the warehouse – in pieces, or in money.

It is a list of stock items with their quantities and sums, grouped by an item, by shelf, by lot/batch and including (or excluding) items that are usually procured/sold by the company. Inventory is just one number: the total cost of goods that are currently in stock.

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