Inventory

n. stock; list of assets; act of checking stock

v. take inventory, make a detailed list of property; summarize; sum up the worth of

Inventory is a list for goods and materials, or those goods and materials themselves, held available in stock by a business. Inventory are held in order to manage and hide from the customer the fact that manufacture/supply delay is longer than delivery delay, and also to ease the effect of imperfections in the manufacturing process that lower production efficiencies if production capacity stands idle for lack of materials.
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Noun
1. a detailed list of all the items in stock
(synonym) stock list
(hypernym) list, listing
(hyponym) parts inventory
(part-meronym) inventory item
2. the merchandise that a shop has on hand; "they carried a vast inventory of hardware"
(synonym) stock
(hypernym) merchandise, wares, product
3. (accounting) the value of a firm's current assets including raw materials and work in progress and finished goods
(hypernym) register
(classification) accounting
4. a collection of resources; "he dipped into his intellectual armory to find an answer"
(synonym) armory, armoury
(hypernym) resource, resourcefulness, imagination
5. making an itemized list of merchandise or supplies on hand; "the inventory took two days"
(synonym) inventorying, stocktaking
(hypernym) listing, itemization, itemisation
Verb
1. make or include in an itemized record or report; "Inventory all books before the end of the year"
(hypernym) list
(derivation) inventorying, stocktaking

(v. t.)
To make an inventory of; to make a list, catalogue, or schedule of; to insert or register in an account of goods; as, a merchant inventories his stock.
  

(n.)
An account, catalogue, or schedule, made by an executor or administrator, of all the goods and chattels, and sometimes of the real estate, of a deceased person; a list of the property of which a person or estate is found to be possessed; hence, an itemized list of goods or valuables, with their estimated worth; specifically, the annual account of stock taken in any business.
  

For companies: Raw materials, items available for sale or in the process of being made ready for sale. They can be individually valued by several different means, including cost or current market value, and collectively by (First-in-first-out) F.I.F.O. , (Last-in-first-out) L.I.F.O. or other techniques. The lower value of alternatives is usually used to preclude overstating earnings and assets. For security firms: securities bought and held by a broker or dealer for resale.