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Inventory vs Assets - What's the difference?

inventory | assets |

As nouns the difference between inventory and assets

is that inventory is (operations) the stock of an item on hand at a particular location or business while assets is .

As a verb inventory

is (operations) to take stock of the resources or items on hand; to produce an inventory.

inventory

English

(wikipedia inventory)

Noun

(inventories)
  • (operations) The stock of an item on hand at a particular location or business
    • Due to an undersized inventory at the Boston outlet, customers had to travel to Providence to find the item.
  • (operations) a detailed list of all of the items on hand
    • The inventory included several items that one wouldn't normally think to find at a cheese shop.
  • (operations) the process of producing or updating such a list
    • This month's inventory took nearly three days.
  • (lb) A space containing the available to a character for immediate use.

    • Synonyms

    * See also

    Related terms

    * invent * invented * inventive * invention * inventor * reinvent

    Verb

    (en-verb)
  • (operations) To take stock of the resources or items on hand; to produce an inventory.
    • The main job of the night shift was to inventory the store, and restock when necessary.

    Synonyms

    * (take stock) index

    External links

    * *

    assets

    English

    Noun

    (head)
  • English plurals
  • (finance) Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
    • His assets are much greater than his liabilities.
  • (legal) Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacies of the testator or ancestor to satisfy claims against it.
  • Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.