take inventory

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take inventory

To count and record an itemized list of items in one's inventory. The boss is making the entire warehouse staff come in on Saturday to take inventory. We'll need to take inventory to see what was stolen during the break-in.
See also: take

take inventory

to make an inventory list. They are taking inventory in the warehouse, counting each item and writing the number on a list. The hardware store closed once a year in order to take inventory.
See also: take
References in periodicals archive ?
'[The current inventory] was 23.61 percent lower than last month's inventory level of 1.99 [million] metric tons,' the PSA said in the report.
Store Up Vs Warehouse Down Approach to Inventory Management: By providing the ability to have visibility into inventory at a detailed level within the store, combined with a view of warehouse inventory, the Oracle Retail Store Inventory Operations Cloud Service enables stores to influence inventory sell through by requesting it directly from the warehouse.
Mike Hartman, owner of Nationwide Inventory Professionals, stated, "The industry is growing, and bringing this opportunity to the Licensees is what Nationwide Inventory Professionals is all about...helping them achieve success.
"About 15% to 20% of inventory is accounted for by the last unit in the store," noted Peter Longo, President of Logistics and Operations at Macy's.
A thorough review of a company's books and its physical inventory will often uncover the problem.
Once inventory is sold, a taxpayer may deduct the cost of such inventory, which decreases the value of the taxpayer's resulting ending inventory, increases cost of goods sold, and decreases taxable income.
An understanding of the inventory location decisions as driven by fuel price variations is important to both policy makers and managers, since inventory costs account for a significant portion of gross domestic product (GDP), and for a high percentage of the working capital of many manufacturing firms.
Recognize the role of inventory optimization at every level of supply chain planning.
Mark Fleming, CoreLogic's chief economist, said, "Almost half of the shadow inventory is not yet in the foreclosure process." He added, "Shadow inventory also remains concentrated in states impacted by sharp price declines and states with long foreclosure timelines."
1.471-3 currently provides that the invoice price less trade or other discounts is considered in determining the cost of inventory purchased during the year.
A review of previous studies on inventory management is essential to understand the nature and importance of inventory management and also to identify the areas already investigated so that new areas hitherto unexplored may be studied in depth.
Inventory management can be challenging for organizations of all sizes, especially for those with multi-echelon distribution networks where inventory resides in multiple locations.
If you wish to view detailed information such as serial numbers, previous inventory location, and inventory due date, and/or if you wish to update the disposition status of any items, check the box next to the desired MASL(s) and click Perform Inventory/Change Disposition of Checked Items.
Kohl's and Sears Holdings' inventory grew at the greatest rate compared to sales, both gaining 12 percentage points over the prior-year period.
Inventory accumulation began once markets shifted into contango because it became profitable for commercial firms to add to stocks.