inventory loss
1inventory shrinkage — UK US noun [U] ACCOUNTING, COMMERCE ► the loss of part of a company s supply of goods or materials because of damage, stealing, etc.: »The company blamed its loss on inventory shrinkage from damage, theft and misplacement …
2Loss of use — is the inability, due to a tort or other injury to use a body part, animal, equipment, premises, or other property. Law.com defines it as the inability to use an automobile, premises or some equipment due to damage to the vehicle, premises or… …
3Inventory control — can refer to several concepts:*In economics, the inventory control problem, which aims to reduce overhead without hurting sales. *In the field of loss prevention, systems designed to introduce technical barriers to shoplifting …
4Inventory (museum) — An inventory is an itemized list of objects that the museum has accessioned or received via loan(s) and must be physically located by an examiner. A complete, one hundred percent inventory, or a random inventory of the collection must be carried… …
5Inventory turnover — The Inventory Turnover is an equation that equals the cost of goods sold divided by the average inventory. Average inventory equals beginning inventory plus ending inventory divided by 2. Inventory Turnover EquationThe formula for inventory… …
6inventory — stock; stock in trade 1) The products or supplies of an organization on hand or in transit at any time. For a manufacturing company the types of inventory are raw materials, work in progress, and finished goods. An inventory count usually takes… …
7inventory adjustment — a loss caused from prior overvaluation of goods Usually arising from a failure to write down slow moving, damaged, or unsaleable stocks and not providing for pilferage. Also as inventory correction: Company officials blame the losses on …
8inventory — In the USA, the equivalent of the UK stock, i.e. the products or supplies of an organization on hand or in transit at any time. For a manufacturing company the types of inventory are raw materials, work in progress, and finished goods. An… …
9inventory control — noun supervision of the supply and storage and accessibility of items in order to insure an adequate supply without excessive oversupply • Hypernyms: ↑internal control * * * noun : coordination and supervision of the supply, storage, distribution …
10inventory shrinkage — /ˈɪnvəntri ʃrɪŋkɪdʒ/ (say invuhntree shringkij) noun the loss of retail stock as a result of shoplifting, vendor fraud, administrative error, damage, etc. Also, shrinkage …
