What is inventory count ?

Definition

Inventory is a term used to describe the items that are available for purchase. The inventory count is the number of units of an item that are currently sold, and it can have an impact on a company's profitability. Inventory can be calculated using a variety of methods, including shelf space and order backlogs. Some managers keep inventory on hand and update it on a regular basis, whereas others may rely on periodic inventory reports from suppliers or distributors. To accurately track your inventory count, you must first understand your production capacity, the products you sell, the number of customers you have each day, and how quickly you sell them.