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Inventory vs Logistics - What's the difference?

inventory | logistics |

In operations|lang=en terms the difference between inventory and logistics

is that inventory is (operations) to take stock of the resources or items on hand; to produce an inventory while logistics is (operations) the process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services and related information from their point of origin to point of consumption for the purpose of satisfying customer requirements.

As nouns the difference between inventory and logistics

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

    * *

    logistics

    English

    Noun

    (logistics)
  • English plurals
  • (operations) The process of planning, implementing, and controlling the efficient, effective flow and storage of goods, services and related information from their point of origin to point of consumption for the purpose of satisfying customer requirements.
  • (military) The procurement, supply, maintenance, and transportation of equipment, facilities, and personnel.

    • Synonyms

    * (operations) * (military) supply line

    References

    * Council of Logistics Management, USA in 1991 * TELS logistics, UK

    Anagrams

    *