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Production vs Inventory - What's the difference?

production | inventory |

As nouns the difference between production and inventory

is that production is the act of producing, making or creating something while inventory is (operations) the stock of an item on hand at a particular location or business.

As a verb inventory is

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

production

English

Noun

(en noun)
  • The act of producing, making or creating something.
  • The widget making machine is being used for production now.
  • The act of bringing something forward, out etc. for use or consideration.
  • * 1910 , , "The Lost Sanjak", Reginald in Russia :
  • I tramped to a neighbouring market-town, and, late as the hour was, the production of a few shillings procured me supper and a night's lodging in a cheap coffee-house.
  • the act of being produced
  • The widgets are coming out of production now.
  • the total amount produced
  • They hope to increase spaghetti production next year.
  • the presentation of a theatrical work
  • We went to a production of Hamlet.
  • an occasion or activity made more complicated than necessary
  • He made a simple meal into a huge production .
  • that which is manufactured or is ready for manufacturing in volume (as opposed to a prototype or conceptual model)
  • This is the final production model.
  • The act of lengthening out or prolonging.
  • Derived terms

    * production line

    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

    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