Difference between revisions of "INV"

Latest revision as of 01:35, 22 August 2020

Inventory is a Term describing the products (Goods, merchandize) or materials (Raw Material, packaging materials) a business holds for the purpose to Sell and Manufacture sellable products or Repair products.

In Financial reports (Statement of Financial Position) Inventory is the value of these products.

Alternative names for Inventory include: Stock. ABC Analysis Field Safety Notice GOLF Classification t:HML Seasonal/Off-seasonal t:VED t:XYZ First In, First Out First Expired, First Out (FEFO) Last In, First Out Make-to-Stock Stock Keeping Unit Days of Inventory Days of Raw Materials Inventory Days of WIP Inventory Days of Finished Goods Inventory

Hierarchy

ID	Name	Level	x
INV	Inventory	1	INV
RM	Raw Material	2	RM
WIP	Work-in-Process	2	WIP
FG	Finished Goods	2	FG

Metric(s)

ID	Name	Level	x
AE12	Days of Inventory	2	AE12
AE121	Days of Raw Materials Inventory	3	AE121
AE122	Days of WIP Inventory	3	AE122
AE123	Days of Finished Goods Inventory	3	AE123

Term(s)

ID	Name	x
ABC	ABC Analysis	ABC
FSN	Field Safety Notice	FSN
FEFO	First Expired, First Out (FEFO)	FEFO
FIFO	First In, First Out	FIFO
IAS02	IAS 2 Inventories	IAS02
LIFO	Last In, First Out	LIFO
MTS	Make-to-Stock	MTS
CSFP	Statement of Financial Position	CSFP
SKU	Stock Keeping Unit	SKU
WC	Working Capital	WC

Inventory 0 1 A term describing the products (goods, merchandize) or materials (raw materials, packaging materials) a business holds for the purpose to sell, manufacture sellable products or repair products

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